It also has more debt than any of its peers, but the reality is, there are probably going to be some great opportunities to pick up struggling independent producers with great oil and gas assets for very attractive prices in coming months.
Considering the challenges BP has dealt with over the past several years, I expect management to make a bold move and buy at least one struggling U.S. independent oil producer, especially if it can get its hands on oil and/or natural gas plays with low cash production costs. I don't think management will make a risky bet, but I do think they'll be willing to pay more than other majors at this stage.
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The article The Next Big Energy Merger Will Be... originally appeared on Fool.com.
Jason Hall has no position in any stocks mentioned. Matt DiLallo owns shares of ConocoPhillips. Tyler Crowe and The Motley Fool own shares of ExxonMobil. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .
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