March 14, 2017
Partner and oil and gas expert Chris Christopher appeared on BNN to discuss our most recent report, Canadian Oil and Gas 2017 Outlook in the context of the current state of the industry, pointing to a significant increase in M&A activity this year.
The release of our report was well-timed with the announcement of one of the most significant deals “in the Canadian oil and gas industry in the last several years” between Canada Natural Resources and Royal Dutch Shell, which “fit in with our key findings” in the report as Chris says when asked by BNN about what the deal means in terms of “setting any types of moves for further M&A activity.”
The interview explored several of the topics and insights affecting oil and gas players, including cross-border inbound and outbound investment, environmental considerations, investor attitude in light of positive signs from the Canadian government to the market, and the potential effects of a Trump administration’s policy changes to international oil and senior E&P company investments in Canada. In terms of expectations of dollar amounts from increased M&A activity in 2017, Chris responded that, “compared to 2016 levels there is an expected increase in not only deal activity, quantity of deals, but deal size. Which we have seen elements of […] so far in 2017. The biggest example being the [CNR-Shell] deal announced today.”
Get more industry insight into the oil and gas sector in our Canadian Oil and Gas 2017 Outlook here.