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ExxonMobil is planning to acquire land in Alberta, Canada. ExxonMobil is currently being offered a very attractive price for the land. However, oil prices are
ExxonMobil is planning to acquire land in Alberta, Canada. ExxonMobil is currently being offered a very attractive price for the land. However, oil prices are currently at historic lows. What should the company do with this investment proposal? Multiple select question. ExxonMobil should buy the land now but delay the decision to drill. ExxonMobil should buy the land now and if oil prices show no possibility of rising, it can sell the land in the future. ExxonMobil should not explore this opportunity because oil prices are low. ExxonMobil should buy the land and begin drilling immediately
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