Canadian Oil and Gas 2017 Outlook Cited by Postmedia

March 21, 2017

Our most recently published report, Canadian Oil and Gas 2017 Outlook, is featured in a Postmedia Breaking News article discussing the shifting stances of dealmakers and oil and gas producers. Dealmakers are said to be prepared for “more merger and acquisitions this year” as producers are more willing to part with assets after a “prolonged commodity price rout.” The article draws on the Canadian Oil and Gas 2017 Outlook as a substantive premise to underline future increased M&A activity in spite of the current period’s relatively low amounts of deals when compared to the same time from 2016. Below is an excerpt from the article.

A survey of oil and gas executives and investment bankers by Torys LLP and Mergermarket found that 67 per cent expect the volume of energy sector deals in Canada to increase over the next 12 months.

The most acquisitive companies, respondents said, will be large-cap oil and gas producers and explorers followed by international oil companies.

The study also found that people in the energy sector expect to use funds from asset sales to fund other asset purchases.

"It's clear on the street here in Calgary that companies are focusing on being better in their core areas and focusing their capital on that core," said Torys partner Chris Christopher.

To read our Canadian Oil & Gas 2017 Outlook, click here.

Tags:

Press Contact