DALLAS—A resurgence in upstream A&D activity ultimately depends on when public equity markets quit punishing operators for not yet having shown them the money, according to asset and corporate marketers.

“The equity markets have to open and they will,” Craig Lande, a managing director with RBC Richardson Barr, said at Oil and Gas Investor’s recently held A&D Strategies and Opportunities conference.

“If talking to any public company CEO, they’re only happy when they’re buying. They’re not happy [just with] executing. They’ll be back. You just have to hold your nose until it gets there.”

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access