12-07-2013, 09:36 AM
'tarulestheday' pid='33340' datel Wrote:Almost 10 million shares sold today under $60. It would not be difficult at all at these prices to mount a hostile takeover IMO. Anyone like to buyout IOC for around 2.6 B? I know XOM and RDS probably would. But my sources still say that both XOM and TOT are involved here.
You are probably right. Did you see Palms post highlighting that TOT and IOC can sell down an additional 19.3% to a strategic partner prior to Govt buy in. Interesting to say the least. GTSDDN (get the second deal done now!) Maybe XOM is as excited by the seismics on the new elephand as well. 19.3% of 20 Ts plus a little help from the govt might get them a train.