Will 2013 Be Another Record Year for M&A in the Oil Patch?
By Matt DiLallo | More Articles | Save For Later
January 26, 2013 | Comments (0)
One company that's definitely on the prowl is Linn Energy (NASDAQ: LINE ) . Last year, the company closed $2.8 billion of acquisitions and joint ventures of mature oil and gas assets. On its last conference call, management foresaw an acquisition market stronger than its seen before. The company sees between $20 billion and $30 billion of mature oil and gas assets coming available over the next 18 months. Look for Linn to acquire at least $3 billion of assets over the next year as it continues its growth-by-acquisition strategy.