Private Equity Again Zoning In On US Natural Gas Sector

CFW View: We believe private equity firm TPG Capital's US$1bn venture into the US upstream conventional natural gas market, at a time when traditional players are turning their attentions to unconventional assets, indicates that large financial players believe there is still profit to be recuperated within the sector. TPG's venture is a highly contrarian one given the fundamentals governing the US natural gas market, which are exerting sustained downward pressure on the price.

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