Exactly why important to us? Since the
Konferenzmöbel company wishes to use the amount of money to go "elephant hunting" in the oil patch and get up some of the 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 may (think John Connally, the former Texas governor and Nixon-era Treasury secretary who gamble everything on a 1980s rebound in essential oil prices and lost it all). But when a large, global energy company like Exxon, with a corporate and business history reaching back more than a century, chooses it's time to "lever up, " it's time to come out of your fort and look for buying opportunities ourselves.