The Latest Oil & Gas News Review
Recently the Oil & Gas media had reported, M&A activity had slowed as companies looked to preserve cash, as late as only last week we found reports suggesting the appetite for dealmaking in the second quarter, when WTI Crude prices plunged to a negative $37 a barrel one day in April, was so low that Q2 ranked as the third-lowest quarterly value of upstream deals since 2009.
Yet today we learn that Viaro Energy has announced it has reached an agreement with RockRose Energy to acquire the entire share capital of the North Sea firm. It is understood London-headquartered company Viaro Energy will acquire RockRose in a deal worth more than £247 million.
Malcolm Graham-Wood has over 30 years experience in the Oil & Gas sector working in a variety of capacities, these days Malcy floats around the markets as the oracle of oil stocks, jet-setting to foreign lands reporting on prospective investment opportunities.
You can find Malcy here: Malcy’s Blog
Companies Covered: #RRE #LBE #SLE #SQZ #CERP #BPC #SOU #JOG #IOG #SAVE #ADME #PRD #PPC #HUR
You can hear the latest podcast with Malcolm Graham-Wood here
CEO Interview: Oisin Fanning, San Leon Energy
The author was not remunerated but may hold shares in one or more company mentioned