The strategy here is for these guys to consolidate To survive in the long term you need bulk...Of course management teams don't really like that as their $300k CEO salary goes out the window if they merge a bunch of oil juniors. But the reality is if they want to surive and raise capital for projects they have no choice. PONY can go with TOU or VII, SGY TET and CJ can join forces. But CEO egos tend to get in the way of what they SHOULD do.