Slugcatcher on oil sector M&A, and why it rarely creates value

SOMETIMES after a merger 1 + 1 can equal 3, but Slugcatcher doubts that will be the case if Santos marries Oil Search and Woodside buys BHP’s oil division with a more likely result of 1 + 1 in those possible deals being 1.5 or 1.75 at best.

Slugcatcher on oil sector M&A, and why it rarely creates value Slugcatcher on oil sector M&A, and why it rarely creates value Slugcatcher on oil sector M&A, and why it rarely creates value Slugcatcher on oil sector M&A, and why it rarely creates value Slugcatcher on oil sector M&A, and why it rarely creates value
 
If that sounds harsh then you haven't followed the history of mergers and acquisitions which reveals a 60% failure rate and the destruction of shareholder funds.