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Fly News Breaks for November 2, 2015
ECA, APC, DVN, OXY, FTI, MDR, IOC
Nov 2, 2015 | 08:25 EDT
Bernstein believes that a number of E&P companies could become takeover targets. It identifies InterOil (IOC), McDermott (MDR), and FMC Technologies (FTI) as companies in the space that could become takeover targets. It says that North American companies with interim CEOs or transitional management teams might be more willing to sell themselves than other companies. Bernstein identifies Occidental (OXY), Devon Energy (DVN), Anadarko (APC), and Encana (ECA) as being in this category.