Deals
Oil Driller Parsley Says It's ‘Attractive’ for Any Purchaser
- Explorer sees free cash flow in second half of year, CEO says
- M&A questioning has picked up but hasn’t evolved into talks
Photographer: Brittany Sowacke/Bloomberg
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Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year.
“We are attractive for purchasers whatever type of investor it is,” Chief Executive Officer Matt Gallagher said in a phone interview on Thursday. “That’s always a goal, an objective of ours.” He declined to say whether the company had been approached about a deal.