Canada: Cdn$32.8 Billion Spent in Canada in March 2017 in Upstream M&A


Cdn$32.8 billion spent in Canada in March 2017 in Upstream M&A

After a lacklustre start to the year, the Canadian upstream M&A market burst into life in March 2017. Cdn$32.8 billion was spent on upstream assets, with the majority spent in deals involving Canadian Natural, Cenovus, ConocoPhillips and Shell in the oilsands sector. CanOils latest M&A review has details on all these deals and every other deal in the Canadian oil sector this month. The report is available to download now.

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The report also includes details on the near 60,000 boe/d that was put up for sale in March, as well as coverage of every deal story involving a Canadian company abroad.

Click here to download the full report

Canada sees larger M&A spend in Q1 2017 than the United States

A recent article from Evaluate Energy shows that Canada saw a greater overall deal value in Q1 2017 in the upstream sector than the United States. This was only the fourth time this happened in the last seven years and was of course driven by the major oilsands spend in March. Click here for the full article.

Banner for Email Statoil-853235-edited.jpgThe article also touches on a record spend in the Permian Basin, and serves as a preview for Evaluate Energy’s full Q1 2017 Global M&A review.

Click here for the article.



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