Over the past decade, the North American oil and gas industry has seen many dramatic changes. The most dramatic change has been an increase in production from unconventionals leading to a large supply of oil, natural gas, and NGLs. However, unconventional production is more dependent on the larger supply chain leading to significant investment across […]
ConocoPhillips: An unfair rap?
So ConocoPhillips has not done well on the stock market in recent times. It also did not help when Warren Buffett described his super-investment in the company as a “dumb” mistake. Conventional analysis has held ConocoPhillips’ $35.6-billion acquisition of Burlington Resources responsible for its recent woes. We are not convinced. For example, ExxonMobil’s $41-billion acquisition […]
Renewables M&A gets down to earth
KPMG has published an interesting survey of mergers and acquisitions in the renewable energy industry. Major conclusions include: Deal volume has, of course, fallen from nearly $26 billion in 2007 to a little over $18 billion in 2008 … … With the billion-dollar transactions of 2008 being replaced by smaller-sized deals in the $300-500 million […]