Will $80/bbl Oil Bring more Mergers, or more Spin-Offs?

Shrinking profits for whatever reason, can stimulate the M&A activity in any industry. We still remember consolidations in upstream sector following oil price crash in 1999, but what will happen this time if the oil price stays in the $80-$90 range, say for 6-12 month? Should we expect consolidations, or more spin-offs? According to EIA “shortfall between cash earnings […]

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