The sky is no longer falling in the oil and gas M&A market, KPMG energy finance analysts say, but the corporate appetite for deals in the sector is still expected to drop by about 10% in 2018 compared to 2017. The 'appetite' is measured by forward P/E ratios, the analysts said in the company’s annual 'M&A Predictor' report that forecasts deal activity in four major sectors-consumer markets, financial services, industrial markets, and technology, media and telecommunications-as well as utilities and oil and gas.
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