March 21, 2017
The Financial Post features our newest report, the Canadian Oil and Gas 2017 Outlook, in a recent article analyzing the developing state of oilpatch M&A in 2017. Despite a slow start in current deal activity in comparison to the same period from 2016, the article uses our report’s findings and surveys as one indicator of market optimism that there will be an increase in deal volume in the energy sector. Below is an excerpt from the article.
A survey of oil and gas executives and investment bankers by Torys LLP and Mergermarket found 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 firms. 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 the full article click here.
To gain more insight to the current state of the oil and gas industry, read our Canadian Oil & Gas 2017 Outlook.