Contrary to belief, it is actually possible. The scenario is unlikely http://tinyurl.com/c89q8d though according to this author. He highlights 8 of the main options for Exxon's cash and gives each a chance of happening.
Stupid dream, stupid trade.
Since when, do you trade T.O.
dreams?...instead of measurable
Smoking stuff to strong...
.. a botchers trading habit.
Go to www.wast
We need news and facts here, no
garbage of kids!..nobody can use!
XOM *could* buy PBR I suppose...at least in theory, because XOM is flush and they almost certainly will buy SOMETHING. But I'm willing to put money on a bet that they WONT buy PBR. What's in it for PBR? They have all the financing they need from Brazil and China. I've read the seeking alpha article, and I'd weight the chances of this particular deal as very slim. Seems more likely to me that PBR could buy a services company, though I don't know of any deals in the works.