Energy execs cautious about making moves

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May 22, 2012 at 6:25 am in News by TheNewsGirl

Despite higher oil prices and easier access to capital, there’s a cautious optimism in executive attitudes for oil and gas.

Even with a stronger local economy, the desider to aquire and merge is down. Barry Munro of Ernst and Young says that the oilpatch is a good place to do business.

Executives have a more cautious outlook because of low confidence in the broader economy, uncertain commodity prices, and low share prices for the businesses looking to sell.

Published May 22nd, 2012