Australian juniors snare assets in US fire sale

THERE is a fire sale of oil and gas assets underway in the US onshore sector, as companies in the US shale patch struggle to remain afloat amid the lower oil price and soft international gas prices.

Australian juniors snare assets in US fire sale Australian juniors snare assets in US fire sale Australian juniors snare assets in US fire sale Australian juniors snare assets in US fire sale Australian juniors snare assets in US fire sale

 

Two Australian small caps - Brookside Energy and Stonehorse Energy - are taking advantage of others misfortune, buying up cheap assets while the going is good.