Double-digital M&A growth to continue on “active” oil and gas industry activity, Barclays reports
The oil and gas and basic industry sectors are expected by Barclays to be the most active for M&A during the next year. This week alone, Energy Transfer LP agreed to buy WTG Midstream in a $3.25 billion deal, while ConocoPhillips announced a $17 billion deal for fellow producer Marathon Oil Corp.
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