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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (54790)	1/14/2015 6:51:54 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78627

The nice thing about the shale plays is that the incremental unit (1 well) is a fairly small investment, typically <20M$/ well or so. A deep water platform has Multi billion $ and long timeframes, which can be an issue even for big oil in terms of financing. Big oil will need to keep that funded, before they go shopping around. I think XOM will have the capacity to do major deals in a distressed environment, but I am not sure about nobody else out there.