Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million
November 7, 2019, 6:54 PM MST
Evaluate Energy’s latest global M&A review shows how easing oil prices prompted a sluggish response among upstream M&A dealmakers in Q3 2019. The quarter saw just US$31 billion in new deals agreed – a 66 per cent drop on Q2 2019 and a 36 per cent decline compared to Q3 2018. The total also stands 21 per cent lower than the average quarterly spend of US$40 million over the past five years.
October 31, 2019, 5:22 AM MDT
The amount of Canadian oil and natural gas assets available for sale currently is more than double the value versus the same time last year.
October 30, 2019, 6 AM MDT
Mullen Group Ltd.’s chief executive officer believes 2020 will be the year of consolidation and attrition in the oil and gas sector.
October 25, 2019, 8:01 AM MDT
Tomahawk Energy Services LP has acquired Enmapp Pipeline Data, whose suite of mobile technologies, advanced geospatial consulting, field-proven data collection and quality assurance support services for both new pipeline construction projects and pipeline integrity management programs fit with Tomahawk’s overall agenda.
October 24, 2019, 11:19 AM MDT
October 15, 2019, 7:43 AM MDT
There has been a recent wave of announcements made by publicly-traded oil and natural gas companies related to share buy-backs. This is unusual, in that until recently, buying back stock has not been a significant use of capital in the Canadian energy industry.
September 25, 2019, 9:53 AM MDT
Analysts with GMP FirstEnergy speculated about the future of Tervita Corporation on Thursday following a report by MergerMarket that the company is considering an outright sale.
September 20, 2019, 9:49 AM MDT
September 11, 2019, 3:11 PM MDT
Razor Energy Corp. has completed the acquisition of Little Rock Resources Ltd.
September 11, 2019, 2:58 PM MDT
Obsidian Energy Ltd. has started a formal process to explore strategic alternatives.
September 10, 2019, 7:18 AM MDT
The Kinder Morgan Canada Limited board of directors has agreed with Pembina Pipeline Corporation to amend and restate deal announced last month to include the preferred shares of KML in the arrangement transaction.
September 10, 2019, 5:58 PM MDT
September 9, 2019, 7:42 AM MDT
September 4, 2019, 10:52 AM MDT
Downhole Technology, LLC and Resource Well Completion Technologies Inc. will be combining on Oct. 1, 2019.
August 29, 2019, 12 AM MDT
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2019 was approximately $5.4 billion, down 29 per cent from the $7.6 billion recorded in the first six months of 2018. This is the lowest first-half total M&A value in the Canadian oil and natural gas industry since 2013 when only $4.3 billion in total M&A value was recorded.
August 28, 2019, 6:44 AM MDT
August 27, 2019, 7:16 AM MDT
August 26, 2019, 11:01 AM MDT
Total Energy Services Inc. has seen the benefits of acquisitions and consolidation and is now looking to get back in the M&A game.
August 12, 2019, 12 AM MDT
Evaluate Energy’s latest M&A review for Q2 2019 shows that $91 billion of new upstream oil and gas M&A deals were secured during the quarter — virtually nine times greater than the disappointing $10.4 billion total value in Q1.
July 23, 2019, 7:20 AM MDT
July 22, 2019, 10:48 AM MDT
Tervita Corporation says that the deadline has passed for the Canadian Competition Bureau (CCB) to challenge Tervita's acquisition of Newalta Corporation completed on July 19, 2018.
July 22, 2019, 6:23 AM MDT
July 19, 2019, 7:05 AM MDT
Sproule has acquired MHA Petroleum Consultants.
July 19, 2019, 12 AM MDT
Attrition perhaps is more useful than mergers and acquisitions to handle current hydraulic fracturing overcapacity, says Dale Dusterhoft, as this segment in Canada is already fairly consolidated between a few major competitors.
July 17, 2019, 12 AM MDT