Peter Gray, Head of KPMG Corporate Finance's Energy and Natural Resources Team quoted in CNNmoney.com

February 12, 2007

In the February 12, 2007 edition of  CNNmoney.com, KPMG Corporate Finance had an opportunity to contribute to Steve Hargreaves' article, 2007: A record year for oil mergers?: With oil prices high and money still cheap, the industry could see more deals than ever. Who might be bought?.   

Peter Gray, Head of  KPMG Corporate Finance's Energy and Natural Resources Team, was quoted with respect to the comments of analysts and investment bankers stating that since prices are still at historically high levels, and lots of cash chasing deals, the oil industry will keep cooking with mergers in 2007.

"I think it will be a record year for acquisitions," said Peter Gray, head of the energy division at KPMG Corporate Finance.

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KPMG Corporate Finance LLC is a leading financial adviser serving domestic and international clients. KPMG Corporate Finance offers a full suite of investment banking and advisory services and the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance and other advisory initiatives. Operating in 51 countries, KPMG's Corporate Finance practice comprises more than 1,800 professionals who are able to meet the needs of KPMG's firms’ clients across the globe. In 2006, KPMG's Corporate Finance practice was ranked the number one financial adviser for completing the highest number of transactions globally (434 deals totaling US$48.9 billion), according to Thomson Financial’s global M&A league tables, and was named global financial adviser of the year by Infrastructure Journal.