- Companies have cleaned up their balance sheets making M & A possible
- Companies are earning "nothing" on their cash due to low interest rates
- In this economy, only way some companies can grow is through acquisitions
The reporter left out at least two more reasons:
- Those low interest rates make deals more inviting
- Depressed stock market has resulted in companies being unfairly undervalued
In the Bakken, there are at least two more reasons:
- High CAPEX and aggressive drilling program can often exceed companies' cash flow
- Operators can lose leases if drilling not begun
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