Foreign Capital Buying Up U.S Energy Plays
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.Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.