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Risk-taking may be lone advantage in M&A marketplace.(petroleum industry, mergers and acquisitions)

Publication: Oil and Gas Investor

Publication Date: 01-JUL-05

Author: Haines, Leslie
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COPYRIGHT 2005 Hart Publications, Inc.

The volume of international asset transactions is expected to go up and the competition will be tough as more national oil companies compete with majors and large independents for deals.

Closer to home, taking a risk will separate success and failure in the highly liquid North American M&A marketplace. In fact, risk-taking could be the only competitive advantage left.

"It's not just about money because today, every company has plenty of money," Todd Stevens,...

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