While U.S firms still dominate the energy landscape in North America, international companies have helped themselves to a larger slice of the pie. Since 2009, about half of the M&A activity in the United States has come from foreign nations. This trend is sure to increase while a number of firms try to shore up their balance sheets by unloading non-core assets. Chesapeake announced it will sell $7 billion in assets this quarter and BP is also putting up $7 billion of Gulf of Mexico assets. Check out the video below for more information on the capital soaring into North America.
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The article Foreign Capital Buying Up U.S Energy Plays originally appeared on Fool.com.
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