Hilcorp Forms $1.24B JV with Carlyle to Shop for Shale Deals

Smart. Everyone knows the best time to buy something, whether it’s stocks, real estate, fuel oil, whatever–is when the market is crashing and burning. Always buy in a “down” market and sell in an “up” market. Natural gas and oil selling at current historic lows qualifies as a down market. It’s about as down as it gets! So it figures those companies who have kept their debt levels low and managed themselves well are now in the catbird seat and can go shopping for bargain basement deals–while their competitors sit on the sidelines hoping to stay out of bankruptcy court. Marcellus/Utica driller Hilcorp is one of those well managed/smart companies. Hilcorp has just joined forces with energy investment firm Carlyle in a partnership to go shopping for deals…

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