Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 7.040

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3:59 PM EDT

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To: Cautious_Optimist who wrote (3822)	10/10/2014 9:21:26 AM
From: richardred	of 7239

>Also, inevitable consolidation in the currently virtually-nuked oil patch. If that's your thing. Crude below marginal costs. This is my main focus. IMO it will also be the focus for those in the patch that are low cost producers. It seems niche acquisitions would be more productive for those companies then buying back stock. ECA just made a move and I suspect others will follow. Maybe Exxon, who's Russian Rosneft project seems stalled? I think the possible coming consolidations will benefit US independents the most. P.S. IMO Countries like Venezuela are getting desperate. What is OPEC thinking now? Citgo's U.S. refineries sale takes another bidding round -sources reuters.com

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