Pescod Says...Oil and Gas Mergers?

With the drop in oil and gas prices and the near collapse
in stock prices of many oil and gas companies
these days, one wonders if we aren’t near an era of mergers
and acquisitions according to Canaccord’s Terry Peters.
Peters points out that the big guys in the oil and gas
patch; Internationally—Exxon, Shell, BP, Total and
Chevon have approximately $65 billion in cash

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