How oilpatch giant talisman energy became a takeover target claudia cattaneo. The second most likely permian takeover target currently is diamondback. Jim cramers top takeover targets for 2019 thestreet. When a senior player owns promising natural gas fields next door to a juniors. The permian basin is the key oil shale field in america. And some of signs are easy for any investor to read, if they have access to a decent map. If china isnt buying iron ore, are miners with strong balance sheets looking to diversify into the oil patch for easy cash flow.
Suriname oil discovery brings welcome good news to apache. The hottest permian takeover targets for 2020 oil price. Husky energys recent takeover offer for oil sands producer meg energy at a premium of 37% over the preoffer market price has brought the spotlight back on canadas energy patch and sparked speculation that another round of consolidation may have begun. I think the banks in the oil patch are looking around right now for people who can take some of those bad investments off their hands. The permian basin is chock full of potential takeover targets. I thought about getting back into crzo the company is going through a merger with cpe on reduced terms. Tsx announced on april 14 th that glenn koach has resigned from its board of directors, effective immediately. Investors who stock up on presumed takeover targets face another risk. Chevron deal for anadarko seen kicking off new merger fever in us.
Two recent takeover attempts stood out for surprise endings. We would need a more specific indication of which targets are being examined before moving this up the reliability scale, or a more reliable indicator out of china. Permian pure plays are the most exciting takeover targets, though they might be more inclined to engage in mergers. Permian basin assets attractive but oil majors will remain. Why permian basinfocused oil stocks are soaring today with an anadarko deal apparently sewn up, the market is looking at pioneer natural resources, parsley energy, and concho resources as the. Enverus expects much of the acquisition activity to occur in the permian basin, the largest u. Whether intentional or not, the company has also just made itself a more attractive takeover target for bigger companies looking to increase their holdings in the worlds hottest oil field. Why permian basinfocused oil stocks are soaring today. One company that could be the next takeover target is intermediate oil producer athabasca oil. Hanold said he believes the top three takeover candidates are noble. Suncor seen igniting energy deals with canadian oil sands. Permian pure plays are the most exciting takeover targets, though they. Like meg, athabasca battled to survive the protracted slump in crude, which. Thats because the bigger players in the american shale patch are.
Oilpatch activist shareholders are getting restless as oilpatch downtown continues calgary oil executives typically settle differences with major investors over a round of golf, a dinner at a. A bold takeover proposal in the mining industry barrick gold corp. So far, the sector has actually been fairly quiet though with both buyers and sellers likely trying to decide when and where longterm oil prices are likely to stabilize. Dan dicker talks with jim cramer about the rumors of pioneer natural resources as a takeover target and what that deal would mean for the oil patch. Bp would need to break up into more manageable pieces before any oil major would consider opening its wallet. Wood mackenzie outlines the next most likely takeover targets in the permian right now. But everything changed when oil prices collapsed in 2014. Which companies are attractive enough to be the next oil. Until this years bizarre trading decoupling between stocks and the commodities in the oil patch, weve see a. Suddenly, instead of appearing to be a takeover target, chesapeake energy was trying.
The first clue on who buys whom is where properties line up. There has been a lot of speculation about megadeals like an exxon mobil tie up with bp, or a buyout offer for unconventional leaders like pioneer or anadarko. Three possible takeover targets in the canadian oil patch oil price. In the oil patch, takeover deals are happening in slow motion. Todd said he couldnt speculate on which companies are potential takeover targets. The hottest permian takeover targets for 2020 posted on. We will always wonder why talisman made itself so vulnerable to declining oil prices a. Oilsearch piqued investor interest in takeover prospects in the cooper basin so both senex energy sxy.
Diamondbacks permian tight oil production mix is more than 80% oil. How oilpatch giant talisman energy became a takeover target. Are these 3 juniors in the patch potential takeover targets. Specialization is the name of the game these days in the oil patch. Permian pure play merger and takeover targets seeking alpha. One company that could be the next takeover target is intermediate oil producer athabasca oil tsx. Bay streettakeovers, uncertainty overshadow canada oil. Why smaller oil sands players in the patch are struggling.
Without funds to increase production, merger and acquisition looks like the most likely outcome for cashstrapped u. First, consolidation in the oil patch to create scale and costs synergies. Hostile takeovers in the oil patch complicated by extended. In some cases, thats why they arent happening at all. Oilpatch activist shareholders are getting restless as. With all the upheaval in the global energy patch, many oil and gas industries are ripe for consolidation, especially the hardesthit portions of the value chain. The total value of mergers and acquisitions in the u.
Stocks of prospective targets surged after the deal was announced friday. However, there are a number of characteristics common to oil patch takeover targets. Chevron deal for anadarko seen kicking off new merger. The bid, chinas largest foreign takeover, has become increasingly contentious as canadians debate the prospect of more of the alberta oil sands being controlled by a chinese stateowned enterprise. As the current oil price slump stabilizes, showing only a modest rebound in prices since the start of the year, it is likely that more mergers and acquisitions deals will start to appear over the next year. Three possible takeover targets in the canadian oil patch. A major advance in extracting oil from the bakken came in 1995, when geologist dick findley realized that the dolomitic middle member of the bakken formation was a better exploration target than the upper or lower members. The trade war with china has caused investors to overlook catalysts for firming oil prices and put another chill in oil stock prices. Federal reserve is about to end qt quantitative tightening. It accounts for over 75% of american production growth overall with gulf of mexico. But oil majors will continue to lean towards preferences in the permian with highquality core acreage. However, our longstanding rule of thumb when playing potential takeover targets is to focus on names that offer exposure to a compelling upside story. Down in houston, energy bankers and oil executives uniformly shuddered at the notion that bp is now, or could be soon, the subject of a takeover. The company has seen its stock price plummet like most of its peer companies as the u.
112 954 1479 829 532 487 295 863 134 598 841 1363 456 24 36 235 1655 921 1278 178 485 1031 437 588 1128 1324 677 1108 1094 274 659 1110 215