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Posts Tagged ‘Exxon Energy’

Temasek: Shale gas is a long term investment?

In Energy, Temasek on 27/07/2010 at 5:37 am

Taz at least to Exxon’s CEO talking of Exxon’s investment in XTO Energy.

And Exxon, the oil & gas major usually gets these things right. Remember it takes up to 30 years to develop a major oil or gas field.

Temasek doesn’t have such a long-term horizon. Remember its “long-term” investment in Merrill Lynch?Lasted slightly more than a yr, and it cut loss, juz as the market was turning, and top hedgies were buying into BoA (buyer of ML). Read the rest of this entry »

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