ExxonMobil: More M&A On the Way?
January 19, 2017 at 10:46 AM EST
In my Trader column over the weekend, I wrote bearishly about ExxonMobil ( XOM ), with one aspect of the negative case being its lack of major M&A to boost its growth. So of course, Exxon announced a deal to buy 250,000 acres in the Permian basin on Tuesday . That deal has gotten Cowen's Sam Margolin and team excited, as they now foresee a wave of M&A arriving. They explain:
