ExxonMobil's (XOM +1%) $1.6B purchase of Bakken oil assets is "still not big enough for Big...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil's (XOM +1%) $1.6B purchase of Bakken oil assets is "still not big enough for Big Oil," Oppenheimer's Fadel Gheit writes - more will be needed to move the needle of such a giant. If XOM decides to use its balance sheet on big acquisitions that are accretive or take place at favorable prices, J.P. Morgan believes XOM could outperform its peers.