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Shell and BG: Hunt is on for next oil giant target
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Royal Dutch Shell has agreed to buy oil and gas exploration firm BG Group in a GBP 47 billion deal. It's a huge merger, one of the largest in years, and BG shares shot up as much as 40%. With the oil price staying low similar deals are more likely as the industry contracts and consolidates.
Head of Equity Strategy at Saxo Bank, Peter Garnry, explores how this deal affects the energy stock landscape and what to look for if investors are trying to identify the next target for a oil giant on the hunt for prey.