The Spanish oil company Repsol is ready to announce a new stage now that it has weathered the impact of Argentina's decision to expropriate its holdings in YPF. The Spanish multinational is focusing on creating stable markets that offer slimmer profits but fewer risks.
To do this it will look for new exploration and production opportunities, and one of them is at SandRige in the United States.
If Repsol would make an offer to buy SandRige, then markets would be relieved. There are currently few buyers with enough cash to make good on their promises and intentions. Repsol is capitalizing on good timing to invest in North American mid-size oil reserves, because sales in this area of the oil business have fallen to attractive low prices over the past few years.