Re: Smells like another PP in the works...
I thought that the timing of all this was suspicious. I also thought that there must have been interesting backroom discussions between Exxon and XOP. It seemed to me that Exxon stepped up to the plate just to keep XOP from getting bullied. What I couldn't figure out is why would they care? I couldn't figure out why they would partner with XOP. The play isn't that big... is it? Could it be that the ex-Oilex guys haven't lost their gift of the gab? Does somebody owe somebody something for this? Really, I'm stumped.
Something smelled and I couldn't figure out what. I considered selling and in hindsight, maybe I should have then bought back in.