Lundin CEO Sees Oil Supply, Demand Closer to Balance by End-2016
2015-08-05 07:18:05.494 GMT
By Mikael Holter
(Bloomberg) -- M&A in oil industry to increase as some
equity valuations starting to look “pretty interesting,”
Lundin CEO Ashley Heppenstall says in Bloomberg TV interview.
* Co. will consider acquisitions if opportunities match its
current assets
* Norwegian offshore rig rates have fallen ~50% as explorers
reduce spending after oil-price drop
* NOTE: Earlier story: Lundin Cuts Production Target as Lower
Oil Prices Reduce Sales
For Related News and Information:
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To contact the reporter on this story:
Mikael Holter in Oslo at +47-22-00-8209 or
mholter2@bloomberg.net
To contact the editors responsible for this story:
James Herron at +44-20-3525-8705 or
jherron9@bloomberg.net
Mikael Holter
2015-08-05 07:18:05.494 GMT
By Mikael Holter
(Bloomberg) -- M&A in oil industry to increase as some
equity valuations starting to look “pretty interesting,”
Lundin CEO Ashley Heppenstall says in Bloomberg TV interview.
* Co. will consider acquisitions if opportunities match its
current assets
* Norwegian offshore rig rates have fallen ~50% as explorers
reduce spending after oil-price drop
* NOTE: Earlier story: Lundin Cuts Production Target as Lower
Oil Prices Reduce Sales
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Mikael Holter in Oslo at +47-22-00-8209 or
mholter2@bloomberg.net
To contact the editors responsible for this story:
James Herron at +44-20-3525-8705 or
jherron9@bloomberg.net
Mikael Holter