Dan Pickering expects more deals in energy space as firms fight for relevancy


Dan Pickering, CIO of Pickering Energy Partners, joins CNBC to discuss his outlook for deal activity in the energy space following the announcement of Sunoco LP's (NYSE: SUN) $7.3B acquisition of NuStar Energy L.P. (NYSE: NS).

Dan sees companies making acquisitions at attractive values in hopes of gaining efficiencies and catching the eye of more investors, and he expects to see more deals until valuations expand.

Watch here.