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
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