The swoon in prices has sent oilfield equipment and services providers reeling, but Superior Energy, Oceaneering International and Forum Energy could make a killing.
Conversations at an industry conference are dominated by talk of winners and losers, efficiency over growth and, of course, deals. Bankers in attendance suggested conditions could improve next quarter.
Low oil prices haven't been a disaster for the entire petroleum industry; downstream companies have actually benefited. But labor unrest and a price rebound could cause these winners to stumble.
By joining forces, two oil and gas explorers could cut duplicative functions, capture economies of scale, increase buying power and build stronger balance sheets.
The large integrated companies were once insulated from price swings, but that advantage has dissipated.
SpringOwl, Cove Street say they have made specific suggestions regarding board composition.
Under pressure from Jana Partners, Houston company sells Australian, Canadian assets.
The sale of its chemicals and drilling fluids businesses will help Weatherford pay down more debt.
Oil and gas explorer is focusing its efforts on its more promising shale plays.
Having amended its debt covenants, the iron ore and coal producer said it could close its Bloom Lake development.