MJH - I�m not sure how the investment community will respond to this. The bottom line is that Phillips is making a strategically smart move. If the current LNG world market indicates a slowing , then Phillips can postpone this venture until the numbers are more favorable. With over 25% interest - Phillips is the principle player.
WCW - I�m an individual investor like yourself. No crystal ball, just taking some initiative to do thorough research.
sss5555 - I think the volume was directly associated with the news that came out of the stockholders meeting. Although all stockholders dream of a merger/ buyout, I don�t feel that Phillips is on the block yet. Phillips financial numbers are pretty impressive. It would take a powerhouse of a company to acquire "P".
It would, of course, be possible that P might want to purchase some of CONOCO's assets, but I tend to agree with mis1a that DuPont will want to keep the CONOCO assets intact to enhance the market value of the stock during the IPO.
And yes, P and CONOCO did try to merge their downstream operations a year or so ago. That is, in part, why I would believe a CONOCO/P merger long before I would suspect anything between P and Williams. I might add, however, that the reason for the deal falling through was an inability to agree on asset value, which might be even more difficult to reconcile in a merger (unless some neutral factor, such as market capitalization, is used to price the each party).
As per my previous post, however, rumors of such a deal are not circulating within P. I am personally every skeptical anything is in the works.
What about a combination of Phillips and the announced DuPont spinoff/divesture of Conoco???? The 2 company's used to be neighbors in Oklahoma. Two medium sized oil companies - - together would be formidable force in the industry......
Not sure how well their E&P assets align though. Anybody else have any thoughts on this??