Today's top stories: Dynamic Oil & Gas Industry, Quiet Tech

Many analysts were forecasting a consequent comeback of the Mergers & Acquisitions, according to these forecast, the rally was going to be led by the Tech Sector accordingly to our actual Tech-driven market. Instead, we are seeing the Oil & Gas Industry making most of it as the Hess-Chevron $53B deal got approved just yesterday and today we have the announcement of the acquisition of Marathon Oil for $17.1B by the energy giant ConocoPhillips.

That absence of Tech in the resurgence of M&A can be explained by the actual focus on Research and Development amid that AI rally. Things are still moving a lot in Tech, but the companies are not in an acquisition cycle. On the other hand, Oil & Gas is not going to be an industry as open as today as there is going to be more competition and more significant barrier at entry. That explains why for some smaller caps companies it is smarter to sell and for these giants it is important to consolidate their spot as an operating oil company to eventually be well positioned to attack the renewable energy industry.

This being said, the M&A movement we are currently seeing could end abruptly depending on the fluctuations of the price the Crude Oil prices, the production cuts by either the US or the OPEC+. As soon as this M&A Oil & Gas continue, there is potentially some good returns to make on Oil Mid Cap.