Majors Have Big Dollars To Fund Takeovers

http://www.rigzone.com/news/oil_gas/a/141581/Major_Oil_Companies_Ha...

Take the link and check it out.

I think that to be GREAT news.

What do others think ? ?

The world’s six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers.

Exxon Mobil Corp. tops the list with a total of $320 billion for potential acquisitions. Chevron is next with $65 billion in cash and its own shares tucked away, followed by BP Plc with $53 billion, according to data from corporate filings compiled by Bloomberg.

Merger speculation was running high after Anadarko Petroleum Corp. said Wednesday it withdrew an offer to buy Apache Corp. for an undisclosed amount. Apache rebuffed the unsolicited offer and wouldn’t provide access to internal financial data, Anadarko said. Both companies are now takeover targets, John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, said by phone.

Royal Dutch Shell Plc has $32.4 billion available, almost all of it in cash. That said, The Hague-based company is unlikely to go hunting for large prey given plans announced in April to take over BG Group Plc for $69 billion in cash and stock.

At the bottom of the pack are ConocoPhillips with $31.5 billion and Total SA with $30.5 billion. More than 90 percent of ConocoPhillips’ stockpile is in the form of shares held in its treasury. Total’s arsenal is 85 percent cash.

- See more at: http://www.rigzone.com/news/oil_gas/a/141581/Major_Oil_Companies_Ha...

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Permalink Reply by Joseph-Ohio on November 13, 2015 at 1:21pm

A lot of Jing is one half of one Trillion dollars.

One half of one Trillion = 500 Billion = 500,000,000,000

1 Billion = 1,000 Million = 1,000,000,000

@ $10k per leased acre ($10,000.00 per leased acre) it would take :

$1,000,000.00 (one million dollars) to transfer 100 (one hundred) leased acres 

$10,000,000.00 (ten million dollars) to transfer 1000 (one thousand) leased acres

$100,000,000.00 (one hundred million dollars) to transfer 10,000 (ten thousand) leased acres

$1,000,000,000.00 (one billion dollars) to transfer 100,000 (one hundred thousand) leased acres 

$10,000,000,000.00 (ten billion dollars) to transfer 1,000,000 (one million) leased acres

$100,000,000,000.00 (one hundred billion dollars to transfer 10,000,000 (ten million) leased acres

However, when they buy, they may also have to buy other things - like debt, equipment, tools, owned real estate / whatever they have to sell - unless the deal is for only leases.

So, bottom line is a half trillion is a lot of Jing but it seems to me to take a lot of Jing to be involved in the oil and gas business.

Permalink Reply by Joseph-Ohio on November 14, 2015 at 4:32am

http://gomarcellusshale.com/forum/topics/when-leases-term-things-pi...

Take the above link to another related and I think important discussion.

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