No big energy deals in the offing: oil & gas execs

Investment bankers may dream of tie-ups between large independent oil and gas companies, but executives who could possibly do such a deal say they are not in the market.

On Monday, Canadian companies Suncor Energy Inc and Petro-Canada announced a $15 billion stock deal, but U.S. oil and gas executives point to low share prices, still-frozen credit markets and the nation’s vast gas reserves locked in shale plays as reasons to go it alone for now.