It seems as though the long slump in gas prices has gone on forever, but rising gas demand in the coming years may drive a third surge in shale investment. This is according to a recent report by Scott Gruber, senior analyst for Bernstein Research.
Oil and gas executives are generally optimistic about the prospect for growth in the year ahead but are somewhat anxious about the prospect for long-term profits, according to a recent survey of senior executives.
January is usually a pretty quiet month when it comes to acquisitions, but Kinder Morgan Energy Partners started 2013 with a bang by announcing they had reached an agreement to acquire Copano Energy for approximately $5 billion.
Despite an economic downturn, the MLP sector was able to outperform the overall stock market from 2009 through 2011. Although this streak ended in 2012, the outlook for 2013 looks strong, according to John Cusick, at Wunderlich Securities.