(Oil service M&A story updated to correct for GE purchase of Wood Group well support division)NEW YORK ( TheStreet) -- Energy stocks are always fodder for the mergers and acquisitions rumor mill, and it's no different in 2012 as the sector isn't lacking for trends to spur M&A. The North American market is a good place to focus, with oil service companies dealing with a slower pace of growth and increased supply from competitors. With natural gas prices hovering near historic lows, the entire North American market is moving to focus on oil. The major oil service companies are migrating away from natural gas basins as margins are declining. Oil service companies are also betting international activity increases while the North American market shifts.
|Betting on a year of sexy acquisitions by the big oil service companies in 2012 may be wishful thinking: analysts.|