Mc energy 091211_final - copyPresentation Transcript
Energy Mid Cap Summer Update XJ Teo
M&A Activity Key drivers: shale midstream assets foreign investors * Exploration and production has led activity, with 26 deals in the second quarter. * Eight of the top 10 deals by value were associated with shale plays. * Chinese state-owned oil companies in the market for oil and natural gas acquisitions.
Trends and opportunities US oil boom as fracking used for oil WTI, Brent doing funny stuff O&G- The Low Hanging Fruit to Create Jobs Profitable US refineries to feel pressure
Energy Sector Outlook Oil and gas upstream, midstream to outperform on M&A, earnings growth Risks: environmentalists Refiners to underperform on weak demand, narrowing WTI-Brent spread.