Energy Sector M&A

There were couple of M&A activities on today's news:

• Sempra Energy Reaches Deal to Acquire Oncor
• Total Buys Maersk Oil for $4.95 Billion

These days, we can see the transition from coal or nuke from oil & gas, and also the trend of M&A to result more generalist energy companies.

In the US, we can see this trend strongly backgrounded with increasing shale oil and etc.