Upstream mergers and acquisitions (M&A) among U.S. oil and gas companies totaled more than $16 billion in transacted value during the third quarter, the highest quarterly tally so far this year, according to Enverus Intelligence Research (EIR). Overall, though, M&A activity has been sluggish, particularly in the Permian Basin, amid price volatility and undervaluation of exploration and production (E&P) company stocks, said EIR, a subsidiary of Enverus.
Several of our model portfolio companies are involved in the Q3 deals.
Read more > https://www.naturalgasintel.com/u-s-oil ... n-horizon/
M&A picking up - Oct 14
M&A picking up - Oct 14
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: M&A picking up - Oct 14
Forbes
With the possibility of global demand for LNG (liquefied natural gas) doubling by 2040, companies involved in natural gas are set to increase in revenue. The ongoing situation with Russia and Ukraine has significantly impacted energy prices worldwide as countries affect sanctions against Russia. European countries are looking to import more LNG to reduce reliance on Russia. This opens up opportunities for U.S.-based exporters of natural gas. With the world turning to alternatives for oil, we may ourselves using more natural gas. Natural gas is the cleanest fossil fuel, which makes it a good bridge to renewable energy since a full conversion to solar or wind energy sources isn’t readily available at the moment.
My Take: As the US export capacity increases, the chances of ngas prices moving to 1/6th price of oil increase.
Listen to audio here: https://www.forbes.com/sites/qai/2022/1 ... open-web-0
With the possibility of global demand for LNG (liquefied natural gas) doubling by 2040, companies involved in natural gas are set to increase in revenue. The ongoing situation with Russia and Ukraine has significantly impacted energy prices worldwide as countries affect sanctions against Russia. European countries are looking to import more LNG to reduce reliance on Russia. This opens up opportunities for U.S.-based exporters of natural gas. With the world turning to alternatives for oil, we may ourselves using more natural gas. Natural gas is the cleanest fossil fuel, which makes it a good bridge to renewable energy since a full conversion to solar or wind energy sources isn’t readily available at the moment.
My Take: As the US export capacity increases, the chances of ngas prices moving to 1/6th price of oil increase.
Listen to audio here: https://www.forbes.com/sites/qai/2022/1 ... open-web-0
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group