Apparently the market likes the BG buyout.
I think they have too high a price forecast. The wild card is oil and gas from fracking.
I am told a fracking well cost $1 million instead of a billion+ for offshore.
I think the market views an increase as a beginning of a series of hikes.
Agreed. The world could come to a end.
What I heard is that oil could go to $20 but there forecast is much higher. It appears that oil will stay
below $60 for some time which should be a very good thing for a lot of businesses.
You also must look at the share price. RDS's yield is twice as good as XOM.