Shell In Talks To Acquire BP In Blockbuster $80 Billion Deal It appears that after we spent years pounding the table on the sector, someone else also figured out that energy stocks are trading at single digit PEs. The WSJ reports that European energy giant Shell is in early stage talks to acquire the other European energy giant, BP, in what would be the largest oil deal in a generation, and one of the largest merger deals of all time. The Journal writes that while talks between company reps are active, BP is considering the approach carefully as the resulting company… — Continue at ZeroHedge News : Read More
