August 19, 2019
Calgary partner Stephanie Stimpson has told Reuters the interest in buying midstream assets has been “very active” in what has been a slow energy M&A climate.
Stephanie’s comments come in an article discussing an unsolicited bid for Inter Pipeline as the market looks at midstream assets to “offer insulation from volatile oil prices”. It goes on saying energy infrastructure assets are often undervalued.
Stephanie said there had been a noticeable increase in in buying midstream assets.
Stephanie has a great deal of expertise on advising energy companies on mergers and acquisitions and told Reuters both investors in private equity and pensions funds have been drawn to deals in the past because of reliable returns.
“It’s a successful and profitable sector right now,” Stephanie said.