Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Snowshoe who wrote (71748)	12/15/2009 6:20:44 PM
From: Elroy Jetson	of 74559

Chevron always has the resources available to quickly make a large acquisition for cash or stock if it's priced right - sort of like Buffett. The Chairman of XTO having lost his stake in his company was feeling vulnerable to a takeover, so he chose a friend - one who was the CEO of Exxon. There was likely someone else interested in acquiring XTO which prompted this. The price was somewhat high, but Exxon needed the reserves as their coal business now looks less valuable with CO2 sturm und drang. Currently Chevron has no particular need to acquire more natural gas, so it gets back to the right price - one that's low enough. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next