Bloomberg: Activism to spur more dealmaking, shakeups in oil patch


More boardroom shakeups likely will force further restructuring and asset sales in the energy sector during the next year, and activist investors will be drawn to energy companies as long as oil and gas prices remain stable, according to bankers at a Bloomberg oil and gas conference.

Devon Energy (DVN), Freeport McMoRan (FCX) and WPX Energy (WPX) are mentioned as potential targets for activists who see a chance to speed up efforts to boost shares, buy undervalued reserves and win shareholder support for management and governance changes.

Targets may include companies where charismatic leaders or founding families are ignoring shareholders; even today, Occidental Petroleum (OXY) announced changes largely the result of shareholders ousting its longtime chairman.

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Comments (3)
  • Michael Fitzsimmons
    , contributor
    Comments (11145) | Send Message
     
    I wish somebody could shake up XOM.....a good start would be saying bye-bye to T. Rex:

     

    http://seekingalpha.co...
    18 Oct 2013, 06:35 PM Reply Like
  • jack20
    , contributor
    Comments (502) | Send Message
     
    I hope the fact that Warren Buffet, T. Boone Pickens, and Carl Ichan have recently taken large share positions in Canadian E&P companies SU&TLM. This is our wake-up call. There will be a lot of buy out/merger activity in U.S. energy companies, but even more undervalued are the Canadian E&Ps. Korean and Chinese companies are already making big bets in Canada.
    19 Oct 2013, 10:22 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (11145) | Send Message
     
    jack20: Here is a small-cap Canadian company in the Kaybob play of the Duverney that has had big players like XOM and CVX buy properties surroundings its core holdings:

     

    http://bit.ly/1cO1WS0
    21 Oct 2013, 10:11 AM Reply Like
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