Energy investors should welcome M&A's struggles

摘要

Maybe 2013 never had a chance, at least in dealmakers' minds. After 2012 global spending blew the doors off all previous years, perhaps it was inevitable that M&A after New Year's would be seen as weak. Still, record-setting M&A transactions in other industries, such as telecom, along with robust oil prices and broadly supportive capital markets make it appear as though energy M&A has stumbled, says Pavel Molchanov, an analyst for Raymond James.