APD
yeah, i did see your note about SNY and Venezuela but it wasn't specifically on my mind when i wrote my note. Bullet point 3 in that post is one i've seen many times and thus my comment regarding Air Liquide.
regarding PX being in tonnage gases vs APD in tonnage gasses: that's why i was hesitant to comment. I just don't know much about the specific operations of these companies. However, having opened the door and getting your observations, i'll speculate that it would make a good deal of sense for PX to acquire/merge with APD (of course i havent' looked at the cash and debt positions so i'm just assuming that PX, having the larger market cap, would be the acquiring company).
BTW, i suspect nitrogen for use in enhanced oil recovery is on the downswing. I also doubt that owning pipelines will be something to brag about. kind of like the babyfood business. low margins and lots of potential liability ;^).
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