HOUSTON—The opportunity to attract capital is now, despite lower for longer oil prices, according to energy consultant Arthur Gelber. A series of geopolitical uncertainties leads his firm to think that crude prices will suffer in the intermediate term, even if natural gas prices increase broadly. And there are still ways to attract capital, despite the current overproduction, he said.
Despite geopolitical uncertainty in emerging markets, Russia and the Middle East, opportunities to attract and deploy capital exist, Gelber, the president of Gelber & Associates Corp. and Gelber Energy LLC, told an audience at the Summer North American Prospect Expo this week.
“Capital, we think, is going to be more expensive and opportunistic,” he said. “Nearly $100 billion has been raised in distressed asset funds by private equity, and that’s in 2015 alone.”
If the money cannot find distressed assets, however, it might be diverted to other projects, Gelber said, including the clean power initiative “that the government’s trying to prove.”
There’s opportunity out there, though. “Tremendous amounts of capital are available to you, to this industry today. It’s a great opportunity for the buyers.”(oilandgasinvestor)
“Capital, we think, is going to be more expensive and opportunistic,” he said. “Nearly $100 billion has been raised in distressed asset funds by private equity, and that’s in 2015 alone.”
If the money cannot find distressed assets, however, it might be diverted to other projects, Gelber said, including the clean power initiative “that the government’s trying to prove.”
There’s opportunity out there, though. “Tremendous amounts of capital are available to you, to this industry today. It’s a great opportunity for the buyers.”(oilandgasinvestor)
