Could Total survive and thrive without Elf? Yes. Could Elf survive without this merger? Of course, ... the two companies would run more efficiently together. |
I think this is the beginning of the second wave, more niche-oriented acquisitions, ... This is more geographic in structure, with two French companies coming together. I think you'll see a lot of smaller companies biting off the pieces that drop out of these super-majors. |
If I'm a little guy, if I hit a little oil field, my stock has a better chance of going up tenfold |