Greatest Amount of Energy M&A Activity ‘Just Ahead’: Wells Fargo
2015-08-18 17:47:14.264 GMT
By Divya Balji
(Bloomberg) -- Increased M&A activity in oil, gas sector
positively correlated with periods of sustained declining cash
flows due to lower oil prices, Wells Fargo analyst Roger Read
said in note.
* M&A activity may pick up if oil price stays below $60/bbl
for rest of yr
* XOM, CVX, Total, BP, NOCs looking for initial, larger
footprint in Lower 48 oil shale plays likely to be acquirers
* Cos. with advantaged shale locations and/or other
diversified production/reserves: CHK, CRZO, CLR, FANG,
LPI, OAS, PDCE, WLL, APA, APC, COP, CXO, EOG, MRO, MUR,
PXD, OXY
* NOTE: June 9, Oil & Gas M&A May See Limited Natural Buyers,
Motivations: Cowen
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To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2015-08-18 17:47:14.264 GMT
By Divya Balji
(Bloomberg) -- Increased M&A activity in oil, gas sector
positively correlated with periods of sustained declining cash
flows due to lower oil prices, Wells Fargo analyst Roger Read
said in note.
* M&A activity may pick up if oil price stays below $60/bbl
for rest of yr
* XOM, CVX, Total, BP, NOCs looking for initial, larger
footprint in Lower 48 oil shale plays likely to be acquirers
* Cos. with advantaged shale locations and/or other
diversified production/reserves: CHK, CRZO, CLR, FANG,
LPI, OAS, PDCE, WLL, APA, APC, COP, CXO, EOG, MRO, MUR,
PXD, OXY
* NOTE: June 9, Oil & Gas M&A May See Limited Natural Buyers,
Motivations: Cowen
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Divya Balji in Toronto at +1-416-203-5714 or
dbalji1@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net