Chrysaor Largest North Sea Player

[Marina Schwarz + 1,576]

Interesting change in balance of power in the North Sea.

[Jan van Eck + 7,558]

Chrysaor is a private-equity company and thus has "patient capital" in there, able to come up with cash to do these types of deals.  They reported revenues of $313 million for the year ended Dec 31, 2017.  They seem to be developing good cash flows.  Picking up the assets of another producer in their preferred area, the North Sea, seems easy enough to do, if you have a reservoir of private-equity cash behind you. 

[ceo_energemsier + 1,818]

1 hour ago, Jan van Eck said:

Chrysaor is a private-equity company and thus has "patient capital" in there, able to come up with cash to do these types of deals.  They reported revenues of $313 million for the year ended Dec 31, 2017.  They seem to be developing good cash flows.  Picking up the assets of another producer in their preferred area, the North Sea, seems easy enough to do, if you have a reservoir of private-equity cash behind you. 

Lot of Shale companies are also backed by "patient capital" , private equity.