Because of the problems you mention I believe now would be a great time for a company such as Shell to buy out a competitor such as Tullow or Dana et al. If Shell have a war chest in euros they could buy shed loads of dollars and then swoop on a mid oil company with dollars of little real value. Thereby getting the reserves of that company at a discount because the dollar is weak
I am not an expert in this area of finance but is seems to make a sort of sense to me. So I am expecting consolidation in the oil sector sooner rather than later because of America's domestic difficulties. The Chinese must also be awash with currency
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