Not by a long shot…
A very Happy New Year to you! A fitting quote for the New Year and state of the upstream oil & gas business reads, “An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.” For many E&Ps, it was perhaps the latter.
At EnergyFundz, we see the silver-lininig in cost. Specifically, the falling cost to drill and produce oil and gas. Quora recently had a useful (and short) take on what this has come down to today. In fact, now is an ideal time to grow an oil & gas company. Furthermore, given the ask-bid prices within the sector are finally narrowing, industry experts, such as Wood Mac, feel 2016 will see a significant uptick in upstream M&A.
If you are an investor or oil & gas company considering deals less than $10 million – please reach out and let us know what you’re interested in. We will then endeavor to match your company with the right partner to take advantage of the current market.
It is easy to fall victim to the doomsday scenarios. Hopefully you stay the course and realize there is possibly no better time to act.