The past year was a relatively quiet year for merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry, with a total of $14 billion of deals. In comparison, there was a total of $55 billion in M&A activity in 2012. Throughout the past year a number of adversities have developed which are central to projecting the activity in the M&A marketplace for 2014. The outlook for 2014 is a low total value of transactions, but there is expected to be an increase in the number of property deals.
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