Mississauga, ON -- (SBWIRE) -- 08/19/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Energy Industry Consolidation Continues as Sea Dragon Energy Agrees to Merge with Madison PetroGas."
Companies mentioned in this article include Royal Dutch Shell (NYSE:RDS.A), Sea Dragon Energy (TSX-Venutre:SDX).
The price of oil sinking 60 percent since last summer, including 30 percent in the past two months, is putting the squeeze on energy plays of all sizes. Hercules Offshore and Samson Resources recently proved that a lionhearted name is not enough to fight off industry weakness, with Hercules announcing a prepackaged bankruptcy and Samson trying to restructure itself with bankruptcy looming. If oil stays cheap, what's coming with respect to bankruptcies and bad bank loans is anyone's guess, but expect troubles to escalate, as many companies can't ride it out forever.
A wave of overdue industry consolidation is likely as peers try to weave themselves together to weather the storm and emerge stronger when crude finally does recover. There's going to be mega-mergers like Royal Dutch Shell's (NYSE:RDS.A) $70 billion offer to buy BG Group earlier this year and plenty of small deals like Sea Dragon Energy (TSX-Venutre:SDX) on Wednesday saying that it is merging with Madison PetroGas.
The full version of this article can be found at:
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