. >> let's bring in tamar, nasdaq energy analyst. welcome to the program.rning. >> good morning. thanks for having me. >> what are you making of this huge deal here? what is the patent? what can you tell investors about when next they should look? >> i think it shows that oil majors are having an increasingly difficult time we growing their reserves organically. they're looking to take advantage of cheap access to the capital markets to fuel purchases. i think it's a little bit too early to tell whether this is a har harbonjer. it's's a distressed asset commodity price environment but more broadly executives have been saying they've been gun-shy about making acquisitions. they want to buy it and put a damper on deals in terms of this year, maybe it will be something more of a phenomenon in 2016. >> it is worth pointing out, actually if you look into the detail of the deal that they're emphasizing the cost cutting, emphasizing increased share buybacks. it's not a -- it's not as aggressive as it would sound on the face of it. >> that's correct. i mean i can't