Even if oil prices were to reach an unheard of $100/bbl, the price spike wouldn’t have much of an effect on domestic natural gas production or drilling, analysts with Standard & Poor’s Ratings Direct (S&P) said in a report issued last week.
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S&P: Even Approaching $100/bbl, Oil Prices Having Little Effect on Domestic Gas
Even if oil prices were to reach an unheard of $100/bbl, the price spike wouldn’t have much of an effect on domestic natural gas production or drilling, analysts with Standard & Poor’s Ratings Direct (S&P) said in a report issued on Monday.
Dynegy Apparently Wants to Offer Enron 40% Less
In a move usually reserved for the late stages of acquisitions — and unheard of less than a month after an initial agreement — Dynegy Corp. is in advanced discussions with Enron Corp. to renegotiate its merger offer of Nov. 9 to acquire the Houston-based rival. According to sources, Dynegy wants to reduce the all-stock transaction price by more than 40%, which would put its share price at about $6. Enron closed at $4.11 on Tuesday, 10 cents above its Monday close.