Deals in the energy sector will skyrocket over the next 12 months, as domestic oil projects, unfettered by regulatory restrictions, are expected to expand, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). The MMP is a forward-looking sentiment indicator, published in partnership with CT, a provider of business compliance and deal support services. The MMP is based on a monthly survey of approximately 250 middle maker M&A professionals. (Read the full report).
Survey participants gave the energy sector a composite score of 86.0 for the 3-month outlook and a score of 90.3 for the 12-month outlook, among the highest MMP scores delivered by any sector ever. Dealmakers expect activity in the energy sector to benefit from President Donald Trump’s pledge to boost the U.S. fossil fuel industry by opening more areas to drillers. On Feb. 1, the Senate approved Rex Tillerson, the former CEO of ExxonMobil Corp. (NYSE: XOM), as the next Secretary of State.