Small shale oil takeover targets

"The main opportunities to profit from M&A (mergers and acquisitions) will be in the U.S. and Canadian markets." Cash-rich oil majors are set to go on an epic buying spree. In the process, they are going to create a huge investment opportunity. Small oil companies have become attractive takeover targets because they have something that oil majors like Exxon Mobil Corp. XOM Stock Forum) and Chevron Corp. CVX Stock Forum) want - expertise in the hydraulic fracking and horizontal drilling methods that are used to extract oil from North America's vast shale reserves. And many of these takeover targets are companies based in North America. "The main opportunities to profit from M&A (mergers and acquisitions) will be in the U.S. and Canadian markets," said Money Morning Global Energy Strategist Editor of the Oil & Energy Investor Dr. Kent Moors. Ironically, many of these small companies developed their expertise after buying assets the majors sold as soon as easy-to-reach deposits were tapped. Many of those assets contained shale oil, which is much harder and more expensive to extract. But since the global price of oil is high enough to make shale oil drilling profitable, the oil majors have been seeking out smaller players to retrieve their assets and expertise. Continue reading this article here.