CHEYENNE, Wyo., Oct. 13, 2014 /PRNewswire/ -- "Drill baby drill," that mantra may have serious economic consequences in a fragile industry. As the price of oil continues to drop possibly billions of dollars of assets could be idled because of cost feasibility due to over capacity and market pricing. It is the simple law of supply and demand and market forces.
Consolidation is inevitable says Mark F. Butler President & CEO of Gulfstar Corporation of Cheyenne, WY an oil and gas investment company established in 2007. Mr. Butler has 31 years experience in the securities industry and is the principal owner of Butler & Co., Inc. since 1989 currently an RIA firm located in South Windsor, CT. The airlines have just completed their consolidation now it's the petroleum industries turn.
Gulfstar Corporation presently owns interests in about 13 oil and gas projects in five states and maintains an investment portfolio of both high and low cap equities and royalty trusts within the petroleum industry.
As the current cycle continues, thinly capitalized companies will face sever economic challenges that will promote opportunities for consolidation throughout the oil and gas industry.
Gulfstar Corporation will be positioned to seize these opportunities as they become available acquiring assets at a fraction of their original cost as well smaller public companies to merge into the Gulfstar Corporation portfolio.
Mark F. Butler
SOURCE Gulfstar Corporation