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Exactly why important to us? For the reason that Konferenzmöbel company would like to use the cash to go "elephant hunting" in the oil patch and purchase up some of it is bargain-priced competitors. Keep in mind, the oil industry attracts plenty of swashbuckling bottom-calling behavior. Sometimes those calls work out (assume billionaire T. Boone Pickens), and sometimes they no longer (think John Connally, the former Texas governor and Nixon-era Treasury secretary who guess everything on a 1980s rebound in essential oil prices and lost it all). But when a huge, global energy company like Exxon, with a business history reaching back more than a century, determines it's time to "lever up, " it's time to come from the fort and look for buying opportunities ourselves.
