Offshore will start to go merger crazy, in my opinion, over the next six months to a year. Also, oil services companies will have to consolidate. With oil prices expected to stay low, by the “experts”, these sectors, with the approval of their financiers, will have no choice…they have been hit the hardest.
Oil rigs are currently at bargain basement prices and it will be hard to pass up some of these opportunities. It will be interesting to see how all unfolds.