Look for more takeover traffic in the oil patch through the rest of this year.
The reason why is all in the numbers.
There's now a substantial gap in valuation, with the majors and the large trusts garnering premium multiples, and the junior energy plays commanding far less generous prices on metrics such as enterprise value to debt-adjusted cash flow. Jeff Martin at Peters & Co. crunched the numbers Monday and concluded “although the number of M&A transactions year-to-date remains relatively small, we continue to believe that M&A activity will increase substantially for the remainder of the year.”
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Updating Lexaria's oil and gas production in the southern USA
