RE:RE:RE:Where?barneyj44 wrote:
we need some M and A in the sector to get some confidence back , I'm surprised it hasn't picked up, cheaper to buy proven barrels than to explore.....
The main reason is due to one word: funding.
Banks are not providing very much funding for M&A, and investors have no appetite for secondaries. There have been a few here and there, but not much and I'm glad!
The more funding that banks provide, the more the idiot oil yahoo's will spend on drilling.