EY: Global O&G M&A Outlook Cautiously Optimistic interesting report, says that despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to EY’s 11th biannual Oil and Gas Capital Confidence Barometer. In the report a survey of more than 100 oil and gas executives worldwide, 94 percent of respondents expect the global economy to either improve or at least be stable over the next year. Confidence in corporate earnings is also on the rise, nearly doubling since October 2013. However, rising geopolitical risks, an increased focus on capital returns and uncertainty over global oil and gas prices have dampened transaction forecasts in the short term. 53 percent see geopolitical instability as the greatest economic risk of the next 12 months 62 percent are primarily focused on optimizing capital rather than investing 45 percent see reducing costs and improving margins as the primary driver of acquisition activity ey/GL/en/Newsroom/News-releases/News-EY-price-volatility-forces-oil-and-gas-to-focus-on-strategic-deals
Posted on: Mon, 24 Nov 2014 05:44:37 +0000