Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (65625)	6/28/2005 10:06:47 PM
From: Elroy Jetson	Read Replies (1) of 74559

Now that would be a feat. CNOOC with a market capitalization of $22 billion trying to take over a company like Chevron with a current market capitalization of $120 billion -- almost five times their size. They have enough problems on their hands trying to buy Unocal for $18.5 billion, including a $500 million payment to Chevron for interfering with Chevron's contract to buy Unocal. I personally don't think CNOOC will be buying anything this time around - the doors are locked. .

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