Did Shell start the buying frenzy?
Translation from Dutch, Tullow is also on prominent on the list they said on tv:
London oil investors in grip of takeover fever
Investors in London Wednesday stumbled over each other to pick up shares of oil and gas companies, in the hope that the mega-acquisition of BG by Shell launch of the longer expected flurry of deals.
Shares in Tullow Oil, the Africa specialist among the oil companies, rose by 12.5%, to then go back to what in bags. Premier Oil, which operates mainly in the North Sea and Southeast Asia, saw its market value in the morning rise by 5%. Genel Energy, which was founded by former BP boss Tony Hayward and concentrates on Kurdistan, thickness 6%.
All these companies, which, incidentally, are much smaller than BG, the past year a lot of value lost due to the oil price halved. Because the cost of production often not fallen along comes profitability compromised, allowing for larger, more stable oil companies may be a good time to strike.
Taking action
BG takeover "can other companies for a while looking around for potential acquisition targets cause you to take action," said Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers.
Since the oil price last summer began to decline, stabbing regular stories about an impending wave of mergers and acquisitions in the energy sector on the head. A parallel with the nineties imposes itself, when a low oil price also caused clumping of some major players.
Yet the deals seemed initially to concentrate to the companies that provide services to the oil and gas sector, with the acquisition of Baker Hughes by Halliburton as the most prominent example.
BP
But now the big exploration and production companies also seem to move. Last month, the boss of the American ExxonMobil, the world's largest oil company, according to the British newspaper FT already know to be ready to strike 'whenever there is an interesting opportunity. "
The American giant has long been seen as leading candidate to incorporate BG, Shell, but now there is so off it.
Commentators in the British press now turn their attention to that other British oil and gas giant BP. This company is the impact of the oil spill in the Gulf of Mexico, in the spring and summer of 2010, never quite recovered. The decision to shift the focus to Russia seemed logical, but since Ukraine Crisis appear in a different light.
Investors in London Wednesday stumbled over each other to pick up shares of oil and gas companies, in the hope that the mega-acquisition of BG by Shell launch of the longer expected flurry of deals.
Shares in Tullow Oil, the Africa specialist among the oil companies, rose by 12.5%, to then go back to what in bags. Premier Oil, which operates mainly in the North Sea and Southeast Asia, saw its market value in the morning rise by 5%. Genel Energy, which was founded by former BP boss Tony Hayward and concentrates on Kurdistan, thickness 6%.
All these companies, which, incidentally, are much smaller than BG, the past year a lot of value lost due to the oil price halved. Because the cost of production often not fallen along comes profitability compromised, allowing for larger, more stable oil companies may be a good time to strike.
Taking action
BG takeover "can other companies for a while looking around for potential acquisition targets cause you to take action," said Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers.
Since the oil price last summer began to decline, stabbing regular stories about an impending wave of mergers and acquisitions in the energy sector on the head. A parallel with the nineties imposes itself, when a low oil price also caused clumping of some major players.
Yet the deals seemed initially to concentrate to the companies that provide services to the oil and gas sector, with the acquisition of Baker Hughes by Halliburton as the most prominent example.
BP
But now the big exploration and production companies also seem to move. Last month, the boss of the American ExxonMobil, the world's largest oil company, according to the British newspaper FT already know to be ready to strike 'whenever there is an interesting opportunity. "
The American giant has long been seen as leading candidate to incorporate BG, Shell, but now there is so off it.
Commentators in the British press now turn their attention to that other British oil and gas giant BP. This company is the impact of the oil spill in the Gulf of Mexico, in the spring and summer of 2010, never quite recovered. The decision to shift the focus to Russia seemed logical, but since Ukraine Crisis appear in a different light.
Investors count with BP not too rich, so it seems. At the start of trading on Wednesday, shares BP won nearly 4%, but at the end of the day was that gain to 0.4% shriveled.
AI
