tag:blogger.com,1999:blog-7114686387917977883.post6405048233993017991..comments2023-08-26T20:50:25.844+05:30Comments on Oil and Gas - Mergers and Acquisition Review: BHP debuts in US shale business by purchasing Chesapeake's Fayetteville assets for $4.8 billionSanjay Samuelhttp://www.blogger.com/profile/01320926045550565181noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7114686387917977883.post-61245704458617942822011-02-24T16:53:14.383+05:302011-02-24T16:53:14.383+05:30BHP on the lookout for acquisition opportunities, ...BHP on the lookout for acquisition opportunities, it has committed $US80 billion to new projects and expansions over five years.........Chesapeake Fayetteville assets might just be the beginning<br /><br />Analysts suspect BHP's hunting ground for oil and gas acquisitions will be confined to the US market although Woodside Petroleum ($US34 billion market value) is a possible candidate, given Shell's remaining holding is seen to be up for grabs. US companies possibly fitting BHP's bill include Anadarko ($US40 bn), Cobalt ($US5.3 bn), Noble Energy ($US15 bn) and Plains ($US5.4 bn).....http://bit.ly/e8z9NOUnknownhttps://www.blogger.com/profile/14391122146105027687noreply@blogger.comtag:blogger.com,1999:blog-7114686387917977883.post-66339506123750103352011-02-22T18:05:28.392+05:302011-02-22T18:05:28.392+05:30Prasad Patkar, who helps manage about $1.8 billion...Prasad Patkar, who helps manage about $1.8 billion including mining stocks at Platypus Asset Management Ltd comments on the transaction, “BHP has entered a new business but has met the criteria that they have articulated for acquisitions, that is, tier-one, low-cost, long-life and expandable assets.”<br /><br />Read more: http://www.bloomberg.com/news/2011-02-21/bhp-buys-chesapeake-unit-for-4-75-billion-adding-u-s-shale-gas-assets.htmlKevinhttps://www.blogger.com/profile/01336307613484365529noreply@blogger.comtag:blogger.com,1999:blog-7114686387917977883.post-15613645192418196792011-02-22T13:15:23.255+05:302011-02-22T13:15:23.255+05:30BHP Petroleum chief Michael Yeager said regarding ...BHP Petroleum chief Michael Yeager said regarding the deal, "I'm bullish that US gas prices would improve as demand for cleaner energy grows and even at current levels, the company would make healthy earnings margins on shale gas".<br /><br />To learn more see this: http://www.livemint.com/2011/02/22081637/BHP-Billiton-makes-475-bn-pu.html?h=A1Unknownhttps://www.blogger.com/profile/03565896925981194250noreply@blogger.com