Could This Become The Next Big Shale Takeover?

ConocoPhillips is reportedly in talks with Concho Resources for a possible acquisition, which could become the third major deal in U.S. shale this year, after Chevron’s takeover of Noble Energy and Devon’s merger with WPX Energy. Bloomberg reported, citing unnamed sources close to the negotiations, that the deal could be announced within a few weeks but the final decision is still uncertain, and the talks could end without a deal. If it does go through, the deal will be another sign that market dynamics may be returning to normal, meaning…