M&A Being Driven By Large Public Companies Selling Assets

In the first half of 2016 approximately $15 billion in merger and acquisition (“M&A”) activity took place in the Canadian oil and natural gas industry. Breaking this down further, $8.9 billion consisted of corporate transactions, overwhelmed by Suncor Energy Inc.’s acquisition of Canadian Oil Sands Limited for $8.3 billion, while there was $5.7 billion in asset sales completed.

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