(September 14 – 09:35 ET) –
DBRS is releasing a study looking
at the proposed mega-mergers in the
petroleum industry. In the past few
months several merger have been
announced: mergers involving
Exxon and Mobil, BP, Amoco and
Arco, and now, Total
and Elf.

DBRS says the rationalization
should create “significant
synergies” and improved
“efficiency,”


It also sees improved reserve
numbers for most companies,
diversification in both the
refining/marketing side and the
exploration/production side which
is stabilizing overall cash flow,
decent balance sheets and cash
flow in the industry.

DBRS says natural gas prices
should keep pace with, or even
beat, crude oil prices.

-IE Staff

For more please see:


www.dbrs.com