EOG Resources Inc., the U.S. crude oil producer that’s rallied more than any peer in the past six months, offers the biggest energy companies the chance to expand in one of the world’s fastest-growing markets.
Nexen Inc. staged its biggest rally since Cnooc Ltd. announced a $15.1 billion takeover of the oil and gas producer in July, signaling rising confidence Canada will approve the deal as the deadline for a decision approaches.
Walter Energy Inc.’s shareholders, who lost almost $2 billion in three months on management turmoil and disappointing earnings, may still be rewarded with a $4 billion windfall if the coal producer is acquired.
Already one of the cheapest major mining companies, Anglo American Plc is becoming an even more likely takeover target with Xstrata Plc and Glencore International Plc’s potential merger threatening to leave it dwarfed by three of its closest rivals.
Paulson & Co., the hedge fund run by billionaire John Paulson, and mutual fund firm Franklin Resources Inc. are among foreign investors betting Canada will approve Cnooc Ltd.’s $15.1 billion acquisition of Nexen Inc.
China Petrochemical Corp.’s takeover of Daylight Energy Ltd. shows how the oil industry’s biggest selloff since 2008 is transforming companies from Talisman Energy Inc. to Newfield Exploration Co. into potential targets.
RPC Inc., the Atlanta-based oil services company that has been considering a sale, may lure acquirers with the industry’s cheapest valuation and profits that are projected to double to a record this year.