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

To: Les H who wrote (32636)12/9/1998 12:08:00 AM
From: Gottfried  Read Replies (1) | Respond to of 95453
 
Les, thanks for the simple [in hindsight] explanation. Makes sense now. Especially if I compare it to the research budgets of two tech companies that merge, hence no longer compete.

So this would affect the exploration budgets primarily?

Gottfried



To: Les H who wrote (32636)12/9/1998 8:36:00 AM
From: sand wedge  Read Replies (1) | Respond to of 95453
 
re: consolidation of projects.

This is true to a point. What is likely to happen is the smaller projects will be spun off to other oil/exploration companies. Example, last week Apache Corp announced a $1B war chest earmarked to buy projects spun off from the Exxon-Mobil merger.


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