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The seismic collapse of oil prices that began one year ago left weakened Canadian energy companies vulnerable to the pressures of consolidation.
Will a sharp recovery in prices change that dynamic in 2021?
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Two different takeover deals are providing insight into how companies and investors see M&A activity playing out this year.
Inter Pipeline Ltd. is trying to fend off a hostile bid from Brookfield Infrastructure Partners LP and is now looking for a better offer.
Varcoe: Energy consolidation escalates as rising oil price eases urgency
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The Drilldown: Alberta, Ottawa say yes to carbon capture
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Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at $478 million, the latest consolidation in the country’s oil sector.
The deal, which will value the combined company at around $2.3 billion, comes as oil and gas companies seek to benefit from a recent run-up in crude oil prices while keeping a tight leash on costs.