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
