Entries tagged "energy deals"
The low price for natural gas has created a buy and build opportunity for private equity players in the energy industry, according to attendees at an industry conference.
Energy companies are seizing the opportunity to raise capital even as dealmaking languishes, according to Barclays energy banker Greg Pipkin.
Who is advising oil and gas products transporter Enterprise Products Partners on its $2.8 billion offer for affiliate Teppco Partners?
Late-value investor extraordinaire Benjamin Graham -- who believed folks could make money in the stock market if they bought companies for less than the present value of their cash flows, even in the event of bankruptcy -- became all the rage after the market tanked last week. Since then, analysts have been searching for bargains among the rubble -- including possible takeover targets. One such analyst is Ray Deacon, a senior analyst at energy-centric brokerage firm Pritchard Capital Partners LLC, who wrote that he had spotted three microcaps energy companies that fit that description. ...
A story in The Wall Street Journal this past Friday got dealmakers talking about possible consolidation partners in the oil patch. Deep-pocketed global oil majors have fewer places to invest their money to keep growing their reserves; lower oil and stock prices have created bargains in the market; and increasingly tighter and more expensive credit markets have made it difficult for smaller companies to borrow money to grow. The article said possible buyers included integrated oil giants like ExxonMobil Corp. (with $39 billion in cash at the end of the last quarter and 2.8 billion shares in its treasury),...
