07-21-2016, 08:13 AM
XOM has no love for TOT, Oil Search or IOC. They care about asset and share appreciation. XOM makes money from TOT at this price and even higher because TOT has to pay down the road at certification (all been said before). Total may want a deal from XOM but XOM is in the driver seat. I see one or two more volleys between the two before it is over IF no other SM steps in. Woodside and RDS may show their heads before this is complete. Time will tell...