News Formal

U.S. Companies Eye Canadian Oil and Gas Firms for Acquisition

  • 📰 GlobalNational
  • ⏱ Reading Time:
  • 11 sec. here
  • 21 min. at publisher
  • 📊 Quality Score:
  • News: 74%
  • Publisher: 51%

Energy Nouvelles

U.S.,Corporates,Private Equity Firms

U.S. corporates and private equity firms are increasingly interested in acquiring Canadian oil and gas companies due to lower valuations, ample reserves, and improved market access. The Montney shale formation is particularly attractive, followed by the Duvernay and Clearwater formations. This trend follows major U.S. oil sector deals driven by the need for increased drilling inventory and future production in key shale basins. Canada has the world's third largest oil reserves, primarily in the form of bitumen in oil sands.

U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access. Companies operating in the Montney shale formation are most attractive to potential buyers, followed by assets in the Duvernay and Clearwater formations. This interest comes after major U.S.

oil sector deals, driven by the need to increase drilling inventory and secure future production in key shale basins. Canada has the world's third largest oil reserves, mainly in the form of bitumen in oil sands

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 81. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Galen Weston Steps Down as President of Loblaw Companies LtdGalen Weston has officially resigned as the head of Loblaw Companies Ltd, with Per Bank taking over as the new CEO. Weston defended the supermarket chains against criticism of driving a national affordability crisis.
La source: natnewswatch - 🏆 58. / 59 Lire la suite »

Creating Pseudo-Positions in CompaniesSome managers resort to 'time-tested methods' of creating pseudo-positions when staff is unhappy with the lack of growth prospects.
La source: boredpanda - 🏆 18. / 72 Lire la suite »

Companies with Flexible Work Policies Experience Faster Revenue Growth, Survey ShowsA new survey shows that companies with flexible work policies have experienced four times faster revenue growth compared to those with stricter office attendance policies.
La source: fpinvesting - 🏆 43. / 63 Lire la suite »

Canada's Effort to Crack Down on Shell Companies PraisedAdvocates are praising the multi-party effort to crack down on the use of shell companies for money laundering and terrorist financing, and saying Canada could go from a laggard to a leader if the federal government can convince the provinces and territories to get on board.
La source: TheHillTimes - 🏆 11. / 79 Lire la suite »