I so like 'competetive tension'

[Tree]

Hession 11/12/13:

"...it is public knowledge that we are being approached, and people are making offers to get into this gas province and get into this exploration province.......There's a scenario that if we do a deal with a particular mega major, and then we build a facility with that major, then it may be better to be aligned along the value chain with that particular major, and that's something we are considering."

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Apparently that 'competetive tension' is yielding some mega offers from mega-majors.

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I honed in on that quote too but didn't fully understand what he meant  If you recall the context...he seemed to hesitate before he spoke. It seemed to me to be the only time he was "speaking off the cuff" in an otherwise planned and practiced presentation. Does this refer to a potential buyout? I'm not sure what was meant by being "aligned along the value chain with that major". Anybody familiar with that specific parlance?

"aligned along the value chain with that particular major"

LNG deal requires the strength of a SM.  Hession was not floating a buyout.   IOC will be aligned with a SM in the LNG deal.  He expects alignment with that SM LNG partner throughout the upstream exploration portfolio also.  Add value all along the value chain.

[CAC]

Hession 11/12/13:

"...it is public knowledge that we are being approached, and people are making offers to get into this gas province and get into this exploration province.......There's a scenario that if we do a deal with a particular mega major, and then we build a facility with that major, then it may be better to be aligned along the value chain with that particular major, and that's something we are considering."

**********

Apparently that 'competetive tension' is yielding some mega offers from mega-majors.

**********

I honed in on that quote too but didn't fully understand what he meant  If you recall the context...he seemed to hesitate before he spoke. It seemed to me to be the only time he was "speaking off the cuff" in an otherwise planned and practiced presentation. Does this refer to a potential buyout? I'm not sure what was meant by being "aligned along the value chain with that major". Anybody familiar with that specific parlance?

"aligned along the value chain with that particular major"

LNG deal requires the strength of a SM.  Hession was not floating a buyout.   IOC will be aligned with a SM in the LNG deal.  He expects alignment with that SM LNG partner throughout the upstream exploration portfolio also.  Add value all along the value chain.

*************

Gotcha. Thanks.