March 13, 2017
Our Canadian Oil & Gas 2017 Outlook report has been featured in an JWNenergy article, underlining potential shifts in buyers’ attitudes and incoming opportunities—outlined within the report—as reason for optimism in the oil and gas industry, as well as addressing some of the challenges facing the industry that are covered in our recent report. Below is an excerpt from JWNenergy’s article.
Canadian oil and gas M&A to pick up in 2017: Torys
A more robust Canadian energy mergers and acquisitions (M&A) market is expected in 2017 than in the previous year, according to a new survey of 100 senior corporate executives and investment bankers involved in Canadian oil and gas commissioned by Torys LLP. […]
Buyers may also be ready to meet the seller’s price expectations as they emerge from a protracted commodity price rout, during which companies were reluctant to part with quality assets.
But there will be a mixed bag of opportunities and challenges due to uncertainty about the impact of long-term global supply and demand patterns, Torys notes, while Canada’s environmental and climate change policies take centre stage.
“Technology acquisition to create cost savings is one of the most frequently cited factors to drive Canadian oil and gas M&A in 2017. Domestic consolidation and inbound buyer interest are equally important trends driving M&A activity,” the authors said.
To read the full article click here.
To read our new publication, the Canadian Oil & Gas 2017 Outlook, click here.