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The value of Canadian oil industry mergers and acquisitions increased 71% in the first half. (Brief Article)
Consolidating and streamlining operations in the U.S. and Canada continue to swell merger and acquisition opportunities in both nations.
A glut of properties exists in the U. S. (see story, p. 16), but M&A action continues to grow in Canada. The value of Canadian oil industry mergers and acquisitions increased 71% in the first half to $2.7 billion (Canadian), Sayer Securities Ltd. reports. A big factor was the unusually large property swap in February among Amoco, Encor, and Maligne Resources for $1 billion (OGJ, Mar. 9, p. 42). The number of transactions jumped to 739 from 478 in …
