Hadian:
Falling oil prices are starting to make oil and gas (O&G) special-purpose acquisition companies (SPACs) that have yet to make their qualifying assets (QA) look more attractive.
With oil prices having plunged below the US$50 (RM178) level, the ability of these SPACs to negotiate better pricing is increasing by the day. However, the biggest downside is management having to seal a deal before the deadline of its expiry because SPACs have a limited shelf life.
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