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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: KyrosL who wrote (57069)	10/29/2009 7:43:48 PM
From: energyplay	Read Replies (2) of 218169

Elroy should comment on this. I will give it a go - Both Phillips and Cononoco were upstream heavy and crude rich before the merger. So if they sort their projects, some will look much better than others. Looks like they are selling when they can, and should get good prices. Natural gas in the North Sea is likely to be affected by on shore shale gas development in Europe, . The company has a lot of legacy acerage, which likely has some new opertunities with better returns because shale gas, new deep water GOM, and Bakken formation. >>> For firms with large exisitng acerage in the right places, there is now the possibility of organic growth at prices lower than the stock market. This was not true 3 or 4 years ago. Shale gas is one big change, deep offshore is another, and Bakken type formations may be a third. This could be bad news for smaller companies doing an asset building strategy (like Gasco), whose exit plan is to be bought out by a larger company that needs potential <<< Also, Phillips has a large position in Alaskan oil, having bought ARCOs' Alaska interest from BP.

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