Bobco23

Takeover Climate in Oil and Gas

It is surprising the M&A activity has not yet begun. Watching BP get "thrown around like a rag doll" (Jeff Imelt, GE CEO) by Russia; XOM, CVX, and COP operations getting nationalized by Chavez; Nigeria's ethnic/religious/polit... unrest; and the standard middle east fare, one would think "safe" resources would be on the major's "buy now" shopping list. The next tier companies with comparatively "safe" resources would be the obvious targets: APC,APA, CNQ, and maybe OXY, MRO, HES. Any other targets?