Written by French David
Houston (Reuters) – Kimmeridge Energy Management will follow more activity between Canadian oil and gas producers, a senior executive official told Reuters on Tuesday, because it targets weak companies and potential benefits from the trade war with the United States.
President Donald Trump has escalated the customs tariff on his northern neighbor in his country, although Canadian oil and gas exports to the United States have so far received less sanctions.
Tensions on new thinking should be incited to increase Canadian energy exports, especially liquefied natural gas, to other countries, according to Kimmeridge Mark Viviano. He said that he would benefit the reviews of the operator in the long run.
“In the end, we believe that” customs tariffs and trade war) will be a long -term positive for the Canadian industry, because it will force them to look outside the United States and diversify their export markets to Asia, “Viviano said in an interview on the margins of the Cereweek conference.
Last week, Kimmeridge settled with Advantage Energy, after the Alberta -based Calgary product organized new independent managers and established a special committee to study a possible sale of the company.
Viviano said that Cimmeraridge expects more investments, given that the source industry in Canada is mature of the activity, although he has no current positions in Canada outside the feature.
He said, “We believe that it should be unified, given the severity of the industry, and we believe that we have a number of management teams and councils with weak performance that are occupied by increased production instead of generating the value of shareholders,” he said.
Kimmeridge has been a leading force in following up the activity in the American oil and gas sector in recent years, targeting many of the same issues that Viviano sees in Canada today.
However, the margin in the United States was on the past year, and it currently has one American product, and the expansion of energy, due to the old situations of Chesapeake Energy and Southweestern Energy before they integrate to create.
American stock markets, along with low crude prices, fell from the evaluation of many young and medium American producers by more than 20 % last month.
“It is clear that we are witnessing a large amount of fluctuations and a huge amount of weak performance in some medium -sized exploration and production companies,” Viviano said.
“So we have capital to reach work, and we think the market will come on our way.”
(Participated in the reports of David French in Houston; edited by Nia Williams)
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