M&A Quarterly Information In The Power Trade Sector

The report beneath offers overview of the fourth quarter M&A exercise within the Power Trade Sector. M&A exercise for North American primarily based goal corporations within the Power sector for Q3 2019 included 53 closed offers, based on information printed by trade information tracker FactSet.

One of many notable center market transactions within the sector closed in August when Qatar Funding Authority, a subsidiary of Authorities of Qatar, acquired an undisclosed minority stake in Oryx Midstream Providers LLC, a portfolio firm of Stonepeak Companions LP for US$550 million. The transaction enhances Qatar Funding Authority’s United States Portfolio and its funding in main infrastructure initiatives. Based in 2013, Oryx Midstream Providers is situated in Midland, Texas and acquires and develops oil and pure gasoline reserves.

Trade Indicators

The typical US retail value for diesel and common gasoline, which influences profitability for oil and gasoline corporations, fell 6.four% and seven.7%, respectively, within the week ending August 12, 2019, in comparison with the identical week in 2018.
The spot value of crude oil, which impacts profitability for oil and pure gasoline operations, fell 21.5% within the week ending August 9, 2019, in comparison with the identical week in 2018.

Posted by Roy Graham.

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