While we’ve all heard the saying, “Misery loves company” – it’s hard to imagine any degree of comfort being gained from COVID’s impact around the world. While it’s safe to say, we’re all in this together – the detriment to the energy industry has been exasperated by the price war that took place between Saudi Arabia and Russia in early March. Today, we’re witnessing record production shut-ins to combat unprecedented rapidly rising storage levels. How long this lasts is anyone’s guess, but if there is a silver lining to this story – it’s that this too will pass. The survivors coming out of this environment will be in a much stronger competitive position than only a few short months ago.
Download Quarterly M&A Review: The Well Street Journal – Q1 2020