Replies to post #9926 on The Rising Influence of Rising Affluence

[DewDiligence]

Shell-BG.L merger is official:

http://www.wsj.com/articles/shell-to-buy-bg-group-1428473660

Royal Dutch Shell PLC has agreed to buy BG Group PLC for about $70 billion, in a deal that would create the world’s largest independent producer of liquefied natural gas amid a historic downturn in energy prices.

…Shell will pay a 50% premium to BG’s closing share price Tuesday of 910.4 pence, with the offer consisting of 383 pence in cash and 0.4454 Shell B shares, giving BG shareholders a 19% stake in the combined company. The deal is expected to close in early 2016…

In today’s trading, Shell’s class-A shares (RDS-A) are down 3% and Shell’s class-B shares (RDS-B), the ones being issued for the merger, are down 7%.

[semi_infinite]

Nice fit and I missed it completely. Should be able to cut a lot of overhead and be ready to get back in buying mode if prices stay low.

>>>>>>>>>>>>>>updated<<<<<<<<<<<<<<<<<<

Elephant hunters besides XOM, my guesses ;

1. cnpc
2. cvx
3. rds - BGgroup
4. sinopec
5. cnooc
6 tot
7. statoil, lukoil, repsol (longshots)

targets not mentioned in starting post

BP
ENI
COP
APA
APC
CHK
OXY
ECA
Woodside ASE:WPL
SU
CNQ
IMO (XOM buy out the rest of it)

The Chinese will try but they may run into the same political issues that happened when cnooc tried to buy Unocal before cvx swooped in. For that reason they will go for smaller us targets and may go after large non-US targets.