The M&A wave gripping the US shale patch shows no sign of slowing, with US shale gas producer Cabot Oil & Gas and shale oil producer Cimarex Energy announcing on Monday that they are merging to create a Houston-based firm with an enterprise value of USD 17 billion. The companies say the new entity’s asset diversification will help weather the impact of commodity price swings, but some analysts are unconvinced that the merger is a good fit.
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