M & A in oil patch in 2013

[ghrcap]

S&P Capital IQ (the data provider, not the ratings agency) used some numbers in a recent seminar that showed while M & A in the patch was down in 2013 from 2012 in North America, metrics in a couple of areas were a little better as to the acquisition price 2013 v. 2012.

TEV/Revenue: 2012 10.2X; 2013 8.8X
TEV/EBITDA: 2012 9.5X; 2013 15.5X
Premium to prior day trading 2012 23.8%; 2013 27.8%

As they combed their data base for M & A potential candidates that trade below the metrics cited in the closed deals they offered AXAS; WRES; PHX; DWSN; GIFI; VTNR; MCEP; BOLT; BKEP. (the usual caveats and only half these names had I ever heard of)

[wilmawatts]

thanks

yeah a dude on bloomberg was talking this morning about 2014 and how he expected m&A in the energy sector to pick up

i was so impressed I forgot the guys name

[dan_s]

We should publish an updated profile on AXAS this month. It has been assigned to one of our top SMU interns.