Neptune takeover: ‘Strategic logic’ to Eni’s decision, says analyst

Neptune takeover: ‘Strategic logic’ to Eni’s decision, says analyst

Analysts have highlighted the significance of Neptune Energy’s gas reserves as a driving force behind its impending takeover.

RBC Capital Markets says there is “strategic logic” to Eni’s (NYSE: E) decision to move for the private-equity back operator given its portfolio.

The weighting of gas leaves the Italian supermajor with a “carbon intensity materially below” its current average.