Those peddling their commodity trades on the public markets may be wringing their hands as the price of crude continues to decline, but private equity types are looking forward to what 2015 might have to offer their clients.
Firm’s war chest replenished with $1.5 billion after third private placement since 2007.
Wave of promise for FLNG.
Combined, the companies would have a presence in more than 50 companies with 7,000 employees.
Majority of the money for energy is still devoted to North American activity, especially the U.S. shales.
Oil’s price plunge presents opportunities for those able to identify well-managed companies, says NGP’s Bob Edwards.
Company’s stock has fallen 22% since it announced the Baker Hughes merger.
Overall, the upstream sector may cut as much as 20% of capex.