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re: Oilfield rumors
Posted on 4/17/14 at 10:10 am to TheIndulger
Posted on 4/17/14 at 10:10 am to TheIndulger
quote:
WHat would you expect exxi stock price to go up to after the merger? Seems like there's already news about it
There has been news about it for a while now. It was announced just a few days after EXXI CEO was on Mad Money filmed on location on an Ensco Rig. If you bought EPL prior (like me) then you saw some nice profits after the announcement was made. EXXI definitely has room to run.
As for oilfield scoop, all of this consolidation is hurting our business. Just off the top of my head, I can count 12 companies that have become 2 with the recent mergers involving Fieldwood and EXXI. The brother in law networks are good for some and bad for most. This is obviously only affecting the shelf work as the majors have their own set of rules.
This post was edited on 4/17/14 at 4:28 pm
1
Posted on 4/17/14 at 10:21 am to Douboy
Question.. is there not much action happening from High Island going west. what are the fields like over around Houston area? or are there anymore?
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