The PE energy game: Carlyle Group purchases a stake in Spanish oil giant Cepsa

The Carlyle Group (NASDAQ:CG) – market cap as of 08/04/2019: USD 6.34bn Introduction On April 8, 2019, the US PE giant Carlyle announced its decision to acquire up to 40% of the capital of the Spanish multinational Cepsa from the sovereign fund of the United Arab Emirates Mubadala for up to $4.8 bn. The transaction […]

Electrification: Total S.A acquires Direct Energie

Total S.A. (EPA:FP) – market cap as of 27/04/2018: €138.0bn Direct Energie S.A. (EPA:DIREN) – market cap as of 27/04/2018: €1.90bn Introduction On April 18, 2018, French oil major Total S.A. announced the acquisition of 74.33% of Direct Energie’s share capital in a transaction valued at approximately €1.4bn. At a price of €42 per share, […]

Total buys Engie’s LNG assets for $1.5bn in a race to boost its gas business

Total S.A. (NYSE: TOT) – market cap as of 17/11/2017: $138.514bn Engie S.A. (PAR: ENGI) – market cap as of 17/11/2017: $34.837bn Introduction On November 08, 2017, the French multinational oil and gas company Total announced that it entered into an agreement to buy the Liquefied Natural Gas assets of electric utility firm Engie in […]

Another Alternative to Grow in the US Energy Market: Sempra Energy to Acquire Oncor for $18.8bn

Sempra Energy (NYSE:SRE) – market cap as of 16/09/2017: $29.39bn Introduction On August 20, 2017, Sempra Energy announced an agreement to acquire the 80% stake that Energy Future Holdings Corporation holds in Oncor Electric Delivery Company. The deal agreement ends a series of bids from relevant players, with Sempra being the fourth public suitor for […]

How Sovereign Wealth Funds Drive the Market Sell-Off

“In the old days you built armies, now you build a sovereign-wealth fund” Jayne Bok In the month of January, there has been significantly more willingness by sellers to sell assets at any price. Volume has been extremely high and markets have been strongly linked to oil prices even though, in theory, low energy prices […]

Have you ever made 67% in one year?

If you answered no to the question above, you have not probably read our article on the Italian energy market one year ago (you can find it here, it is not everything lost yet). As some of you might remember, we suggested to go long A2A, the multi-utility of Brescia and Milan. However, which factors […]

The Opec meeting: days of market turm-Oil

Several investors have kept an eye open on oil this week putting all their hopes in the long-awaited OPEC meeting held on Thursday. Opening this week at $80.50 per barrel, the decisions of the OPEC meeting provoked an intraday drop of 6.65 percentage points in Brent crude prices on Thursday, with the oil price reaching […]

Consolidation on the Shelf: Energy XXI acquires EPL Oil & Gas

Energy XXI Bermuda Ltd: Mkt Cap $1.55bn (as of 14/03/14) EPL Oil & Gas Inc.: Mkt Cap $1.49bn (as of 14/03/14) With the goal of becoming the largest publicly traded independent pure-play oil producer on the Gulf of Mexico shelf, Energy XXI is to acquire EPL Oil & Gas in a $2.3bn deal, including the […]

Ukraine: where are we now

Let’s give a short insight to what has happened in the past months in Ukraine. For the second time in six years Mr. Putin has led his troops across an internationally recognized border, and it does look like the situation won’t be changing soon. All of this happened as a result of a series of […]