Just as many optimistic analysts can be found to counter the pessimism ie.from a bloomberg article I get this take.

Warren Buffet made a $35 billion dollar investment,Paul Barker an Analysts at M+A at Barclay's Capitol thinks this might be the time for Mergers and Acquisitions.

In a survey by Blomberg 60% of bankers,lawyers and investors expect a small increas in M&A activity this year,Energy and Financials to be the most active,.they expect a jump of 35% in dollar value and will increase for the next 3 years.mergers are recovering as the US economy picks up,and some economists surveyed by Blomberg are calling for a growth of 3% compared to a 2.4% decline in 2009.

CEO confidence advanced to 64 since a record low of 24 in 2008,I,m confident that Connacher will weather the pessimistic views with their up coming and ongoing production increases,that and an escalating Oil price