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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.615-0.8%Jan 21 3:59 PM EST

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To: Hawkeye who wrote (4146)5/30/1999 12:35:00 PM
From: Brumar89  Read Replies (1) of 5827
 
Do you think their M&A activity might be driven by a survival instinct?

Have been watching big oil for a couple decades. This is just the old herd instinct operating. Years back they all herded into synthetic fuels - oil shale and coal; then into minerals. There were rationales. Then they all herded back out. There was a rationale for that too - core competency. The idea they need to be big to operate in big risky projects in Asia or Africa is false - joint ventures exist partly to spread risk. Within these mammoth companies, they all go through periodic restructurings which are largely much ado about nothing too. While they cut head counts and costs, they also absorb attention within the company. What do you think is going to going within Exxon, Mobil, Chevron, Texaco, et al for the next few years - the merger and the necessary restructurings, firings . . . nothing else.

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