Sources report that the currently tossed-about broad credit markets could push upstream M&A prices down, as all-stock transactions (thus public-company acquisitions) become king and cash deals (often funded by a visit to debt markets) take the No. 2 spot. This is good news for private companies looking to buy oil and gas assets. Yet, it’s not good news for those looking to sell: the sale prices they can expect will be diminished just like the newly discounted purchase prices their buying, private-company brethren would see. Net net, it’s good to be a buyer in this costlier credit market; not so good to be the seller. Sources say the whole credit business doesn’t affect energy deals as much as those of other industries. Nevertheless, they do affect. What’s your view? Already, energy IPOs have seen lackluster market response. Quicksilver’s midstream MLP and Rex Energy’s tradition upstream IPOs are trading down from pricing. Concho Resources, offered as a traditional E&P, is trading up.