This year's merger between DBS Group Holdings of Singapore and the Dao Heng Bank of Hong Kong illustrates the high price outsiders are willing to pay for quick entry--3.2 times book.
Outsiders scoff, saying the company was only able to exceed its OPEC quota of 2.5 million barrels a day last fall by tapping crude from inventories stockpiled earlier.
Outsiders scoff, saying that the company was able to exceed its OPEC quota of 2.5 million barrels a day this fall only by tapping crude from inventories stockpiled earlier.