RE: Great Day7 Jul 2020 15:46
Big oilers standard assets values must have dropped in a big way and their success in new exploration must be uneconomical in the present climate of low oil price, then adding the expense of maintenance and employees salaries ...
It will make sense for them to acquire ready made low cost base producing companies with massive reserves and assets like Genl,Gkp and a few others..
Big oilers in big trouble with their heavy debts....
Just imv
Holding strong here and only see upwards trajectory in both and they seem readying for M&A activity too..