07-16-2013, 06:14 AM
'Putncalls' pid='25760' datel Wrote:If the XOM deal is almost done; Isn't to late for a bid for IOC?
A buyout now would come with a SPA with XOM. It would make it easier for a smaller company to get financing. For a big Oil co like Total or Shell, it is worth a little less with the SPA because Exxon is taking some of the profit from 33-50% of the first field.