Why big oil won’t be buying up struggling companies

OILPRICE | Under normal circumstances, energy downturns create a perfect opportunity for deep-pocketed oil and gas heavyweights to land prime assets on the cheap. A good case in point: the last oil bust of 2016 was followed by a sizable number of huge M&A deals in the sector including the $60B tie-up between Royal Dutch Shell (NYSE:RDS.A) and BG Group, Canadian Oil Sands and Suncor EnergyEnergy, as well as a handful that fell through including the proposed merger between Halliburton (NYSE:HAL) and Baker Hughes (NYSE:BKR).But these are hardly normal circumstances and don't expect the oil price rout to trigger a wave of M&A activity any time soon.


To read the full article, click here.




  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform