Kyle Cooper Sees Energy Consolidation Ahead

By on August 20, 2015

Kyle Cooper - IAF AdvisorsDuring an interview on CNBC, Kyle Cooper of IAF Advisors & Criterion Research, speculated that larger oil entities would be possibly looking to take over distressed players in the oil patch, as many have valuable assets.

Cooper stated, “liquidity would reign supreme in the coming months.”

When asked for possible takeout targets, Cooper said midrange companies such as Devon Energy (DVN), Range Resources (RRC), and EOG Resources (EOG), which have exhibited strong operational performance in the past could be acquirers, or be acquired.

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