An exclusive Evaluate Energy webinar will provide data-driven insights that shed light on how markets react to various types of oil and gas M&A deals in North America.

In Oil and gas M&A: Key influences on market reactions to upstream North American mergers, Evaluate Energy’s Senior Analyst Mark Young and Director Nikki Zenonos will share findings specific to their analysis of 150 U.S. and Canadian upstream corporate mergers. It takes place on Tuesday, October 8, 2024.

The analysis was prompted by recent deal activity and the usual wave of market speculation that comes with it.

“We’re still in a very active M&A cycle with lots more corporate mergers happening,” said Young. “What our data will show is that, in today’s market, one day after a specific type of deal is announced the acquirer’s share price seems to be reacting based on aspects of the deal that aren’t always related to valuation. These reactions are different to how markets behaved in previous cycles, and our data illustrates this.”

The webinar will help oil and gas professionals, market observers and M&A analysts to understand how closely factors such as deal location and deal structure correlate to an immediate rise or fall in share price. It will also shed light on factors most common to well-received deals, as well as deal characteristics that could grow in significance in 2025 and beyond.

Added Young: “I was constantly reading speculation about why share prices went up or down, and there was always a long list of items provided by different commentators. There's so much speculation out there. They tend to follow similar themes – but do we really know? We thought it would be interesting to use our data to see if we can help answer some of these questions.”

Both Young and Zenonos have worked with oil and gas upstream data for 15 years. Young has worked on Evaluate Energy’s M&A data since 2008.

The webinar analysis is based on corporate deals between 2014 and 2024.

“Deal valuations and traditional valuation metrics are important and play a big role in the share price reaction, but they are not everything,” said Young. “There are other factors that seem to correlate quite closely with whether an acquirer’s share price takes an immediate hit or increases straight after an acquisition.”

And the market continues to change significantly. “The industry is continually evolving, and we are looking to assess the extent to which factors could become more important as time moves on.”

Register here for Oil and gas M&A: Key influences on market reactions to upstream North American mergers.