A wave of high-profile mergers and acquisitions in the Canadian oilpatch is a sign of an industry that is flush with cash and increasingly confident in the short- and medium-term outlook for fossil fuels, experts say.
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Canada's Crescent Point Energy Corp said on Tuesday it will acquire Spartan Delta Corp's oil and gas assets in Alberta's Montney region for C$1.7 billion in cash ($1.24 billion).