Surprising Upturn for the Energy Sector [View article]
It is becoming common speculative knowledge in the Domestic Oil Patch of a Consolidation of Domestic Producers (Big buying the Little & Distressed). That coupled with the further speculation of Foreigner's Cash showing up as BUYERS. Most Domestic Producers, with heavy exposure to the Shale Gas Plays, are Substantially Increasing Proven Reserves at a time when Cap-X is being reduced. Postings of Poor Financial Results, BUT FABULOUS Reserve Growth present the Target for Buy-Outs. Depressed Natural Gas Price has the NEW, Foreign Buyer's about to fuel a feeding frenzy (buying on the cheap w/ GREAT Reserve upside going forward), so the speculation indicates. Who Knows though, we'll wait and see!
Surprising Upturn for the Energy Sector [View article]