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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (32526)12/7/1998 12:26:00 AM
From: Elmer  Read Replies (1) | Respond to of 95453
 
Doug, also these large mergers are suppose to generate some very large operational cost savings. Anything that increases the cash flow of the oil industry is good for oil service companies. While the short term impact is negative, longer term, they will have more money to spend on their core business - finding hydrocarbons.



To: Douglas V. Fant who wrote (32526)12/7/1998 8:28:00 AM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Doug--One question--will a $200 bln company operate any differently than a $70 bln company? Aren't the scale differences in attitude etc already achieved once you get to $70? If so, why should mega mergers change anything, other than fewer buyers of services?


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