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Oil and Gas CFOs Bullish on Raising Capital

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Published on Monday, 10 January 2011 09:53
The survey of 100 oil and gas company CFOs, conducted by Chicago-based accounting firm BDO USA LLP, found that the executives expect capital will flow into exploring for and processing oil and natural gas at a faster clip than in the past two years.

“With renewed access to capital, we’re seeing companies aggressively pursuing the acquisition of new properties, technologies, and other companies,” said Jim Westerman, partner in BDO’s natural-resources industry practice.

Source: Market Watch

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