U.S. Oil and Gas M&A survey
•
1 gostou•1,040 visualizações
Brunswick surveyed 105 people, including bankers, lawyers, private equity investors, analysts and investment managers specializing in the energy sector. Overall, more than half of respondents anticipate an increase in M&A activity in the U.S. oil and gas sector in 2015. Driving factors include further decline in global oil prices and a desire to reduce operating costs through deal synergies. Respondents believe that domestic transactions by strategic buyers in the services and upstream segments will be the main focus of deal activity in 2015. Nearly two-thirds of respondents see activist investors playing a driving role in M&A in the oil and gas sector. For more information please contact our Dallas office: http://www.brunswickgroup.com/contact-us/dallas/
Recomendados
Recomendados
Mais conteúdo relacionado
Mais de Brunswick Group
Mais de Brunswick Group (20)
Último
Último (20)
U.S. Oil and Gas M&A survey
- 1. Brunswick Group U.S. Oil and Gas M&A Survey April 2015
- 2. Summary • Brunswick surveyed 105 people, including bankers, lawyers, private equity investors, analysts and investment managers specializing in the energy sector. • Overall, more than half of respondents anticipate an increase in M&A activity in the U.S. oil and gas sector in 2015. Driving factors include further decline in global oil prices and a desire to reduce operating costs through deal synergies. • Corporate deal makers and the investment community have differing opinions around the timing of any M&A activity: More than two-thirds of the investment community (68% of analysts and investment managers) expects a greater number of deals this year than in 2014, while most deal advisors surveyed (80% of the bankers and lawyers) believe that 2015 will not be an active M&A year. • Respondents believe that domestic transactions by strategic buyers in the services and upstream segments will be the main focus of deal activity in 2015. • U.S. oil and gas industry likely to arouse interest from Asian, European and Middle Eastern buyers. • Nearly two-thirds of respondents see activist investors playing a driving role in M&A in the oil and gas sector.
- 3. Key Findings
- 4. Q: In 2015, do you expect the level of M&A activity in the U.S oil and gas sector to… More than half (52%) of respondents feel that the level of M&A activity in the U.S.oil and gas sector will increase over the next year 34% 14% 52% Increase Stay the Same Decrease
- 5. Q: In 2015, do you expect the level of corporate spinoffs and divestitures in the U.S. oil and gas sector to… The level of corporate spinoffs and divestitures is expected to increase in 2015 34% 20% 46% Increase Stay the Same Decrease
- 6. Q: What types of deals do you expect to drive M&A activity in the U.S. oil and gas sector in 2015? Respondents feel that domestic transactions among strategic buyers will dominate the deals taking place in the oil and gas sector in 2015 78% 19% 16% Domestic transactions among strategic buyers Foreign acquirers into the U.S. U.S. acquirer outside of the U.S. Percentages add up to more than 100% as the above was a multiple-response question
- 7. 53% 48% 25% 16% 13% Further decline in global oil prices Operational synergies Shareholder activism / pressure from investors An increase in global oil prices More cash on balance sheets Q: What are the key factors that will drive oil and gas sector M&A in 2015? The further decline in global oil prices coupled with operational synergies are seen as the key factors driving oil and gas M&A in 2015 Percentages add up to more than 100% as the above was a multiple-response question
- 8. Q: Which of the following segments of the oil and gas sector do you expect to be the main targets for M&A in 2015? Services segment likely to be the main focus for M&A 49% 31% 30% 27% 15% 10% Services Upstream Infrastructure Midstream Integrated Majors Downstream Percentages add up to more than 100% as the above was a multiple-response question
- 9. Q: From what region do you anticipate the most foreign acquirers into the U.S. oil and gas sector to come in 2015? Asia,Europe and the Middle East are key regions for foreign acquirers 17% 22% 50%
- 10. Q: In 2015, which of the following types of buyers do you expect do be most active in M&A in the U.S. oil and gas sector? Strategic buyers are expected to be the most active in the U.S.oil and gas sector 53% 45% 36% 18% 11% Strategic buyers Private equity Industry / corporates Hedge funds Sovereign wealth funds Percentages add up to more than 100% as the above was a multiple-response question
- 11. Q: Do you expect to see activity in Master Limited Partnership transactions and new equity listings in 2015…. / In 2015, do you expect to see more deals using…. Master Limited Partnership transactions and new equity listings over the next year are expected to decrease;deals will more often than not use a mix of cash and stock. 63% say will decrease 9%13% 79% All stockAll cashA mix of cash and stock Percentages add up to more than 100% as the above was a multiple-response question
- 12. Q: In 2015, do you see activist investors playing an active role in driving M&A activity? / In which segments of the sector do you see activists being most active? Finally,activist investors are here to stay with respondents seeing them playing an ongoing role in M&A in 2015 42% 34% 28% 22% 14% 14% Services Upstream Infrastructure Integrated majors Midstream Downstream 63% 37% Yes No Percentages add up to more than 100% as the above was a multiple-response question
- 13. About Brunswick • Brunswick Group is a leading financial and corporate communications consultancy with 23 offices across the Americas, Europe,Africa, Middle East andAsia. • In 2014, Brunswick ranked first in the M&A league tables globally for public relations advisors, working on 152 deals worth a combined $435 billion, according to Mergermarket data. • In energy, the firm advises companies active in all verticals of the sector and across a range of disciplines including M&A, restructuring, media engagement and investor relations. • Energy clients include:Amec FosterWheeler; BP; BG Group; Chevron; Kosmos Energy; Occidental Petroleum Corporation and Sinopec.
- 14. © BRUNSWICK | 2015 | 14 Brunswick Offices in the U.S. Dallas Brunswick Group LLC 200 Crescent Court, Suite 225 Dallas, TX 75201, USA t: 214 254 3790 f: 214 254 3791 Washington, D. C. Brunswick Group LLC, 1099 New York Avenue, NW, Suite 300 Washington, DC 20001, USA t: 202 393 7337 f: 202 898 1588 NewYork Brunswick Group LLC, 245 Park Avenue, 14th Floor, New York, NY 10167, USA t: 212 333 3810 f: 212 333 3811 San Francisco Brunswick Group LLC, One Bush Street, Suite 1400 San Francisco, CA 94104, USA t: 415 671 7676 f: 415 671 7677 Our Global Offices Abu Dhabi Beijing Berlin Brussels Dallas Dubai Frankfurt Hong Kong Johannesburg London Milan Mumbai Munich New York Paris Rome San Francisco Sao Paulo Shanghai Singapore Stockholm Vienna Washington, D.C.