PIMCO : "As Energy Demand Outpaces Supply, Asia Looks Overseas to Refuel" - Asia Credit Perspectives by Raja Mukherji and Taosha Wang
A new Asia Credit Perspectives by Raja Mukherji and Taosha Wang is available on pimco.com.
As Energy Demand Outpaces Supply, Asia Looks Overseas to Refuel
· We expect more Asian oil and gas companies to tap the bond market going forward, often to finance acquisitions outside the region.
· Many Asian countries are encountering growing energy shortages due to declining indigenous resources and domestic consumption growth.
· Oil companies in Asia frequently engage in overseas acquisitions. In many cases, these transactions help enlarge reserve base, access technological know-hows and enhance corporate profitability.
· Strong sovereign support is a key investment thesis in the Asian oil and gas sector. Through our bottom-up analysis, we are finding numerous investment opportunities.
As Energy Demand Outpaces Supply, Asia Looks Overseas to Refuel
· We expect more Asian oil and gas companies to tap the bond market going forward, often to finance acquisitions outside the region.
· Many Asian countries are encountering growing energy shortages due to declining indigenous resources and domestic consumption growth.
· Oil companies in Asia frequently engage in overseas acquisitions. In many cases, these transactions help enlarge reserve base, access technological know-hows and enhance corporate profitability.
· Strong sovereign support is a key investment thesis in the Asian oil and gas sector. Through our bottom-up analysis, we are finding numerous investment opportunities.
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