January 16, 2007
MERGE OR DE-MERGE
The giant mergers may resume in 2007, according to one veteran upstream analyst. Another says de-merging may be a smarter move for some producers. While publicly held E&P companies’ mantra has been grow, grow, grow,
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December 7, 2006:
Oh Canada The era of the dominance of the Canadian energy trusts is drawing to a close just as a similar E&P regime in the U.S. gets under way. The Canadian government ...more
November 6, 2006:
IT’S IN THE DOUGH Oil and gas executives are making hay while the sun shines—and long after sunset and on weekends too. It is surprising the number of senior E&P and service-company executives, financiers ...more
October 3, 2006:
Strange-Mance Free markets correct themselves, usually too quickly for an amateur to participate and, thankfully, too fast for government to interfere. Even when slow about it, markets do always right themselves ...more
September 12, 2006:
Blackbeard Newfield Exploration Co.’s news at press time that its $180-million Blackbeard West #1 is a no-go for now has rattled the drafting tables in some shallow-Gulf of Mexico geoscientists’ offices ...more
August 1, 2006:
Hit or stand Is the run-up in energy stock prices nearing the end of the deck? Or is it an eight-deck shoe? Upstream stock prices have been front-loaded with blackjacks for sellers. Are ...more
July 1, 2006:
BIG BET2 At press time, Anadarko Petroleum Corp. issued industry-roiling news: it plans to acquire not only Kerr-McGee Corp. but Western Gas Resources Inc. as well. The nearly 2,000-word press release is ...more
June 1, 2006:
Pushing $4 Devon Energy Corp.’s winning bid for Dallas-based Chief Oil & Gas is among several high-priced U.S. asset acquisitions announced in the weeks preceding press time. Devon will pay Chief some ...more
May 3, 2006:
Long-Lived Reserves Shares of The Houston Exploration Co. jumped at press time on news of pressure from hedge-fund manager Barry Rosenstein that the E&P company use its newfound cash, from asset sales, ...more
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