According to some commentators, ongoing volatility in oil prices
may result in increased M&A activity in the Canadian oilpatch.
As recently reported in the Financial Post,
John Chambers, CEO of Calgary-based investment boutique FirstEnergy
Capital Corp., believes a revaluation of assets in the oil and gas
sector may attract cross-border M&A activity from oil majors
who may use the "once in a very long time opportunity" to
make acquisitions. If this view is correct, then the recent
acquisition of Talisman Energy Inc. by Spain's Repsol SA for
$8.3 billion may be a sign of things to come.
Mr. Chambers isn't alone in thinking that 2015 could be a
banner year for M&A activity in Canada's oilpatch. As recently discussed in the Financial Post,
2014 was a record year for M&A activity in the Canadian
oilpatch and continuing low commodity prices may further encourage
acquisitions of attractive assets by companies with strong balance
sheets. As well and as discussed in our
