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True or not true this is definitely sign of action. A rumor of a bid IMO will NOT suppress other bids, in fact it can enhance them. That is the beauty of multiple bids. With recent news of large LNG projects being tabled due to cost, the time is absolutely right for ANYONE to get involved in the E/A project where the extraction costs are low.
This is great news.
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We voted for Exxon. Shell has so many issues. Did IOC count our vote yet??? LOL!I still think IOC does a deal with Exxon in some way and this article today is about a Shell Farm In Agreement. What will Adam G do if IOC signs TWO Super Majors.
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squeezefinder poster stated IOC BOD end of April, not worth looking for. More rumors. Please just tell me which ones are true!!!. Is this story about Shell posturing??
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I honestly do not care what name it is at the end of the day. Shell, XOM, Total, CVX They all bring with them the deep pockets, reputation and expertise of a major O+G company. The deal will be iron clad and very defined as stated here multiple times. There are many factors that are being ironed out and this will all be determined before the deal is done. That is what is being bid on.
If this is just shell posturing then that is fine to. Adds fuel to the fire.
My shares are not for sale.
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Crazy volume this morning, over 150,000 shares traded In the first 10 minutes