With rapid payout and strong cash flow, the Gulf of Mexico (GOM) has emerged as the “epicenter” of merger and acquisition (M&A) activity, accounting for half of the top 10 deals involving U.S.-based exploration and production (E&P) companies year-to-date, Raymond James analysts wrote in their latest “Stat of the Week.” Overall, M&A activity within the oil and gas sector continues to heat up, with more than $18 billion in announcements involving U.S.-based E&Ps so far this year.
Intact
Articles from Intact
Futures Begin 2006 Lower, Enter Hurricane Katrina Gap
With traders returning from the long holiday weekend, the bearish move still appeared to be intact Tuesday as natural gas futures prices continued to tumble. After opening under $11 at $10.750, February natural gas managed no higher than $11 before settling at $10.626, down 59.9 cents on the session.
January 4, 2006
Despite Technical Reversal, Bulls Slow to Concede
Although still very much intact, the uptrend which has carriedprices higher for much of the year suffered a defeat yesterday, astraders liquidated positions on the open to create a potentiallybearish technical scenario. The January contract took the sell-offsquarely on the chin, tumbling $1.00 lower to evoke a lock-limitdown trading halt at about 10:15 a.m. (ET) Tuesday. Afterre-opening 15 minutes later with new two-dollar limits in eitherdirection, the market continued lower to finish at $8.145, down$1.268 for the session.
December 13, 2000
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