DealZone

Is oil heating up?

oil1Energy M&A has heated up over the past few weeks, with two large deals possibly on the horizon: the sale of Repsol’s Argentine unit YPF as well as Kosmos Energy’s stake in the Jubilee oil field in Ghana.

If thise deals would happen, it would follow Suncor Energy’s $20 billion takeover of rival Petro Canada, announced earlier this year.

So is M&A in the oil sector heating up? Maybe, but insiders warn that the fluctuations in oil and gas prices could slow the flow of deals.

Historically,  crude oil has tended to trade between 9 to 11 times natural gas prices.  But with crude at around $60 a barrel and natural gas at around $3.35 per million british thermal units, that ratio is currently 18 times natural gas prices.

That suggests gas prices will go up or crude prices will go down. If oil prices drop, then assets that on the market could be pulled, and the M&A market could cool fast.

from Shop Talk:

Whole Foods selling 13 stores in settlement

wholefoodsflag1Natural and organic food grocer Whole Foods will sell 13 stores as part of a settlement that ends an antitrust battle with U.S. regulators over its acquisition of rival Wild Oats.

Is your store on the list?  

    7133 N. Oracle Rd., Tucson, AZ 8688 E. Raintree Dr., Scottsdale, AZ 2584 Baseline Rd., Boulder, CO         1651 Broadway St., Boulder, CO         3180 New Center Pt., Colorado Springs, CO   5910 S. University Blvd., Littleton, CO 9229 N Sheridan Blvd., Westminster, CO 340 N. Main St., West Hartford, CT   4301 Main St., Kansas City, MO 1090 St. Francis Dr., Santa Fe, NM          7250 W. Lake Mead Blvd., Las Vegas, NV 19440 N.W. Cornell Rd., Hillsboro, OR 6930 S. Highland Dr., Salt Lake City, UT

(Photo\Mike Blake, Reuters)