The Business Times
SUBSCRIBERS

North America oil deals trickling back after Brexit shock

Published Mon, Jul 18, 2016 · 09:50 PM

New York

ACQUISITION-HUNGRY energy companies are back on the prowl.

Dealmakers have recovered from the shock of Britain's "Brexit" vote last month to leave the European Union and have resumed buying oil and gas fields in choice locations in Canada and the US, restocking their inventories on a bet that a two-year slump in the price of oil has abated.

"Buyers are increasingly confident in a stable to slowly increasing oil price - as are their funding sources, whether private equity funds or public market investors," said Bobby Tudor, chief executive of Tudor, Pickering, Holt & Co, an oil and gas investment bank.

Oil prices have held steady at or above US$45 a barrel for a majority of the…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here