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Recent Global Equity Deals in Energy
| Date | Equity | Debt |
|---|---|---|
| June 2007 | 14613.4 | 31018.4 |
| July 2007 | 5842.2 | 7326.9 |
| August 2007 | 1814.1 | 13251.7 |
| September 2007 | 7310.8 | 25321.6 |
| October 2007 | 14722 | 31285.3 |
| November 2007 | 10143.3 | 20773 |
| December 2007 | 18926.4 | 14524.8 |
| January 2008 | 9218.1 | 12201.9 |
| February 2008 | 7253.5 | 12183.7 |
| March 2008 | 3657.4 | 20301.9 |
| April 2008 | 6373.1 | 30250.9 |
| May 2008 | 8923 | 31313.6 |
| June 2008 | 6806.2 | 14184 |
Global Energy
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| Citi | 11044.3 | 1 | 11703.4 | 2 |
| JP Morgan | 10741.6 | 2 | 11696.2 | 3 |
| RBS | 9693 | 3 | 13553.4 | 1 |
| Banc of America Securities LLC | 8087 | 4 | 4013.1 | 13 |
| Lehman Brothers | 7442.9 | 5 | 6636.2 | 9 |
| Credit Suisse | 7137.7 | 6 | 8365.2 | 5 |
| Merrill Lynch | 7031.1 | 7 | 5985.2 | 10 |
| Goldman Sachs & Co | 6975.8 | 8 | 7530.8 | 7 |
| Deutsche Bank AG | 6616.7 | 9 | 9344 | 4 |
| UBS | 6209.2 | 10 | 6882.2 | 8 |
| Industry Total | 162667.3 | - | 151090.7 | - |
Announced U.S. Target M&A Advisers in Energy
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 23822.1 | 1 | 51591.7 | 5 |
| Merrill Lynch | 22149.6 | 2 | 8302.8 | 8 |
| JP Morgan | 9025.4 | 3 | 65471.4 | 2 |
| UBS | 7062.3 | 4 | 7449.7 | 9 |
| Tudor Pickering & Co LLC | 4525.3 | 5 | - | - |
| Tristone Capital Advisors Inc | 4191.4 | 6 | 400 | 27 |
| Credit Suisse | 3675 | 7 | 58057.4 | 4 |
| RBC Capital Markets | 2348 | 8 | 95 | 35 |
| Citi | 2107.2 | 9 | 58110.6 | 3 |
| Simmons & Co International | 2106.7 | 10 | 2389.7 | 17 |
| Industry Total | 60589.4 | - | 108697.2 | - |
Global Volume by Product
| (01/01/08- 06/16/08) | (01/01/07- 06/16/07) | |||
|---|---|---|---|---|
| Security Type | Proceeds ($mil) | Issues | Proceeds ($mil) | Issues |
| Common Stock | 32557.2 | 141 | 37017.9 | 216 |
| Convertibles | 9674.1 | 17 | 6423.3 | 28 |
| Straight Debt | 119356.3 | 282 | 107490.4 | 238 |
| Straight Preferred | 1047.7 | 4 | 120.5 | 2 |
| Taxable Municipals | 32.1 | 3 | 38.6 | 1 |
| ABS/MBS | - | - | 403.3 | 1 |
Recent Global Debt Deals in Energy
| Issue Date | Issuer | Principal Amount ($ mil) | Final Maturity | Coupon (%) | Offer Yield to Maturity (%) | Bookrunner(s) | Moody Rating | Stan- dard & Poor's Rating | Fitch Rating |
|---|---|---|---|---|---|---|---|---|---|
| 6/16/2008 | Petrohawk Energy Corp | 300 | 6/01/2015 | 7.875 | 8.114 | Merrill Lynch | B3 | B | NR |
| 6/13/2008 | TotalFinaElf Capital | 93.9 | 1/24/2013 | 7.5 | 7.947 | TD Securities Inc | Aa1 | AA | NR |
| 6/13/2008 | TotalFinaElf Capital | 95.6 | 6/24/2012 | 6 | 6.274 | UBS Investment Bank | Aa1 | AA | NR |
| 6/12/2008 | AmerenUE | 450 | 2/01/2019 | 6.7 | 6.739 | Barclays Capital BNY Capital Markets Inc JP Morgan | Baa1 | BBB | A+ |
| 6/12/2008 | Targa Resources Partners LP | 250 | 7/01/2016 | 8.25 | 8.25 | Deutsche Bank AG Credit Suisse Banc of America Securities LLC | B2 | B | NR |
| 6/11/2008 | Duke Energy Corp | 250 | 6/15/2018 | 6.25 | 6.285 | Credit Suisse Goldman Sachs & Co Lehman Brothers | Baa2 | BBB+ | NR |
| 6/11/2008 | Duke Energy Corp | 250 | 6/15/2013 | 5.65 | 5.696 | Credit Suisse Goldman Sachs & Co Lehman Brothers | Baa2 | BBB+ | NR |
| 6/11/2008 | Progress Energy Florida | 500 | 6/15/2018 | 5.65 | 5.698 | Barclays PLC Citi Greenwich Capital Markets Inc | A2 | A- | A+ |
| 6/11/2008 | Progress Energy Florida | 1000.00 | 6/15/1938 | 6.4 | 6.432 | Barclays PLC Citi Greenwich Capital Markets Inc | A2 | A- | A+ |
| 6/09/2008 | Sempra Energy Inc | 500 | 6/15/2018 | 6.15 | 6.155 | Citi JP Morgan Morgan Stanley & Co | Baa1 | BBB+ | A |
| 6/05/2008 | Panhandle Estn Pipe Line Co LP | 400 | 6/15/2018 | 7 | 7.04 | Banc of America Securities LLC Credit Suisse JP Morgan | Baa3 | BBB- | BBB |
| 6/04/2008 | Detroit Edison Co(DTE Energy) | 300 | 6/15/2018 | 5.6 | 5.619 | Citi Key Banc Capital Markets | A3 | A- | A- |
| 6/04/2008 | Southwestern Electric Power Co | 400 | 1/15/2019 | 6.45 | 6.467 | BNP Paribas SA JP Morgan Credit Suisse | Baa1 | BBB | BBB+ |
| 6/03/2008 | Kinder Morgan Energy Partners | 325 | 1/15/1938 | 6.95 | 6.994 | Wachovia Securities Inc Banc of America Securities LLC Deutsche Bank Securities Corp | Baa2 | BBB | BBB |
| 6/03/2008 | Kinder Morgan Energy Partners | 375 | 2/15/2018 | 5.95 | 6.188 | Wachovia Securities Inc Banc of America Securities LLC Deutsche Bank Securities Corp | Baa2 | BBB | BBB |
Energy and Power
Recent US Syndicated Loans
| Financial Close Date | Borrower | Business Description | Loan Package Amt (US$ Mil) | Bookrunner(s) | Loan Description |
|---|---|---|---|---|---|
| 6/12/2008 | CITGO Petroleum Corp | Mnfr fuel,lubricants | 450 | BNP Paribas SA | 364d Revolver |
| 6/09/2008 | RPC Inc | Pvd oilfield svcs | 296.5 | SunTrust Banks BankAmerica | Rev Cred Fac |
| 6/09/2008 | Rosetta Resources Inc | Oil and gas exploration,prodn | 400 | BNP Paribas SA | Rev Cred Fac |
| 6/05/2008 | AGL Resources Inc | Pvd gas distn svcs | 123.21 | SunTrust Banks Bank of Tokyo Mitsubishi NY | Rev Cred Fac |
| 6/04/2008 | CFJ Properties | pvd oil & gas operations | 250 | BankAmerica | Rev Cred Fac |
| 6/04/2008 | Texon Distributing LP | Whl petro | 130 | Fortis | Rev Cred Fac |
| 6/03/2008 | Amadeus Petroleum Inc | Oil,gas expl,prodn | 46 | Wells Fargo Bank NA | Rev Cred Fac |
| 6/03/2008 | Diamondback Energy Services | Oil and gas exploration,prodn | 145 | Wells Fargo Bank NA | Rev Cred Fac |
| 5/30/2008 | Genesis Crude Oil LP | Whl Transport Petro | 500 | Fortis Deutsche Bank AG | Rev Cred Fac |
| 5/30/2008 | Oxbow Group | Pvd gas distn svcs | 75 | Societe Generale | Rev Cred Fac |
| 5/30/2008 | Spark Energy Gas & Electricity | Electric and gas utility | 25 | Fortis | Rev Cred / LOC |
| 5/29/2008 | Helix Energy Solutions Group | Pvd offshore oil,gas field svc | 120 | BankAmerica | Rev Cred Fac |
| 5/28/2008 | Lehigh Gas Corp | wholesale petroleum | 120 | BankAmerica | RevCred/TLA |
| 5/28/2008 | Lehigh Gas Corp | wholesale petroleum | 120 | BankAmerica | RevCred/TLA |
| 5/28/2008 | Sunoco Logistics Partners LP | Own,op refined prod pipelines | 100 | Citi UBS | Rev Cred Fac |
US Energy
| Bookrunner | 1/1/2008 - 6/16/2008 (US$ Mil) | Rank | 1/1/2007 - 6/16/2007 (US$ Mil) | Rank |
|---|---|---|---|---|
| JP Morgan | 9156.8 | 1 | 8907.8 | 1 |
| Banc of America Securities LLC | 8087 | 2 | 4013.1 | 8 |
| Lehman Brothers | 7375.4 | 3 | 5376.8 | 6 |
| Citi | 6568.9 | 4 | 7959.1 | 2 |
| Deutsche Bank AG | 4673 | 5 | 6535.5 | 3 |
| Goldman Sachs & Co | 4661.6 | 6 | 5408.2 | 5 |
| RBS | 4660.6 | 7 | 1726.4 | 13 |
| Merrill Lynch | 4273.1 | 8 | 3215.1 | 10 |
| Wachovia Corp | 3949.5 | 9 | 2345.7 | 12 |
| Barclays Capital | 3605.5 | 10 | 2644.1 | 11 |
| Industry Total | 74452.1 | - | 67768.1 | - |
Recently Announced Global M&A Deals in Energy & Power
| Date Announced | Target Name | Target Nation | Acquiror Name | Acquiror Nation | Value of Transaction ($mil) |
|---|---|---|---|---|---|
| 6/16/2008 | Anzon Australia Ltd | Australia | Roc Oil Co Ltd | Australia | 575.432 |
| 6/16/2008 | Anzon Energy Ltd | Australia | Roc Oil Co Ltd | Australia | 264.02 |
| 6/16/2008 | Red River Energy Inc | United States | Great American Group | United States | |
| 6/16/2008 | Undisclosed oil & Gas Co | Canada | Alberta Clipper Energy Inc | Canada | 33.301 |
| 6/13/2008 | Cenaeel | Brazil | Dynacor Gold Mines Inc | Canada | |
| 6/13/2008 | Comet Petroleum Ltd | South Africa | Tower Resources PLC | United Kingdom | 0.09 |
| 6/12/2008 | Biomass Secure Power Inc | Canada | Virtual Media Holdings Inc | Canada | |
| 6/12/2008 | Blue Parrot Energy Inc-Cert | Canada | Canadian Phoenix Resources | Canada | 13.949 |
| 6/12/2008 | Charlevoix Property,Quebec | Canada | Eloro Resources Ltd | Canada | 1.05 |
| 6/12/2008 | China Field Development Ltd | Hong Kong | Gainstar Ltd | Hong Kong | |
| 6/12/2008 | Dong Energy A/S-Greek Wind | Greece | Mytilineos Holdings SA | Greece | 43.283 |
| 6/12/2008 | Dynamic Progress Intl Ltd | Hong Kong | Alltronics Holdings Ltd | Hong Kong | 6.502 |
| 6/12/2008 | Eas Lake Oil & Gas Field | United States | Meridian Petroleum PLC | United Kingdom | 9.84 |
| 6/12/2008 | Eternal Energy Corp-Petroluem | United States | Next Millennium Coml | Canada | 1.19 |
| 6/12/2008 | Gainstar Ltd | Hong Kong | Good Strategy Group Ltd | Hong Kong | 336.956 |
Recent Global Equity Deals in Energy
| Issue Date | Issuer | Principal Amt - sum of all Mkts ($ mil) | Offer Price | 06/16/08 Price | Gross Spread as % of Prncpl Amt - in this Mkt | Bookrunner(s) | IPO Flag (Y/N) |
|---|---|---|---|---|---|---|---|
| 6/13/2008 | Monitor Energy Ltd | 1.2 | 0.01 | 0.02 | na | Melbourne Capital Ltd | No |
| 6/12/2008 | OGX Petroleo e Gas | 3589.20 | 1131.00 | 757.16 | 2.75 | UBS Pactual Credit Suisse Banco Itau-BBA SA | Yes |
| 6/11/2008 | Petrolifera Petroleum Ltd | 39.2 | 9.00 | 8.75 | 5 | RBC Capital Markets | No |
| 6/10/2008 | Boardwalk Pipeline Partners LP | 253 | 25.30 | 24.90 | 3.747 | Citi Lehman Brothers Morgan Stanley UBS Investment Bank | No |
| 6/10/2008 | Empyrean Energy PLC | 8.9 | 0.50 | 1.08 | na | HB-Corporate | No |
| 6/06/2008 | Beach Petroleum Ltd | 183.8 | 1.43 | 1.28 | na | ABN Amro Equities Australia Euroz Securities Ltd | No |
| 6/06/2008 | Bronco Energy Ltd | 61.9 | 14.75 | 14.65 | na | Macquarie Equity Capital Mkts RBC Capital Markets | No |
| 6/06/2008 | Emerald Oil & Gas NL | 2.9 | 0.20 | 0.22 | na | Azure Capital Pty Ltd | No |
| 6/05/2008 | Canext Energy Ltd | 7.9 | 0.95 | 0.78 | na | Wellington West Capital Inc | No |
| 6/05/2008 | Canext Energy Ltd | 7.9 | 0.80 | 0.78 | na | Wellington West Capital Inc | No |
| 6/05/2008 | Rift Oil PLC | 10.1 | 0.05 | 0.14 | na | RBC Capital Markets | No |
| 6/05/2008 | Target Energy Ltd | 3.2 | 0.13 | 0.15 | na | Patersons Securities Ltd | No |
| 6/04/2008 | Facilasol Group | 0.4 | 5.69 | 13.29 | na | Europe Finance et Industrie | Yes |
| 6/04/2008 | Questerre Energy Corp | 70.6 | 4.70 | 4.30 | 5 | Dundee Securities Corporation | No |
| 6/02/2008 | Corridor Resources Inc | 55.1 | 13.00 | 9.88 | 5 | RBC Capital Markets | No |
| 6/02/2008 | Corridor Resources Inc | 55.1 | 10.60 | 9.88 | 5 | RBC Capital Markets | No |
Announced Global Energy M&A Deals
| Industry | 1/1/2008 - 12/31/2008 ($ Mil) | Deals | 1/1/2007 - 6/16/2007 ($ Mil) | Deals |
|---|---|---|---|---|
| Oil & Gas | 99567.6 | 716 | 137779 | 737 |
| Power | 65425 | 221 | 147173.3 | 325 |
| Petrochemicals | 9632.9 | 39 | 14307.3 | 40 |
| Water and Waste Management | 2618.8 | 138 | 12642.4 | 189 |
| Alternative Energy Sources | 2111.1 | 58 | 5983.1 | 55 |
| Pipelines | 660.2 | 21 | 1257.7 | 22 |
| Other Energy & Power | 582.2 | 55 | 2217.8 | 84 |
| Industry Total | 180597.9 | 1248 | 321360.5 | 1452 |
Announced Global Target M&A Advisers in Energy
| Advisor | 1/1/2008 - 6/16/2008 ($ Mil) | Rank | 1/1/2007 - 6/16/2007 ($ Mil) | Rank |
|---|---|---|---|---|
| Goldman Sachs & Co | 50147.4 | 1 | 103454.8 | 6 |
| Merrill Lynch | 39082 | 2 | 66178.3 | 10 |
| JP Morgan | 20557 | 3 | 136242.5 | 2 |
| Macquarie Group | 18677.9 | 4 | 1921.9 | 46 |
| Gresham Partners | 17570.9 | 5 | - | - |
| UBS | 14998.8 | 6 | 87364.4 | 9 |
| Deutsche Bank AG | 13520.7 | 7 | 91337.7 | 7 |
| Morgan Stanley | 12648.3 | 8 | 130272.6 | 3 |
| Citi | 11526.7 | 9 | 140379.1 | 1 |
| Credit Suisse | 10927.9 | 10 | 109762.3 | 5 |
| Industry Total | 180597.9 | - | 321360.5 | - |
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