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25.09.26 - 21:42
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Canada′s Oil Patch On Track For Biggest M&A Wave In A Decade (ZeroHedge)
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Canada's Oil Patch On Track For Biggest M&A Wave In A Decade
Authored by Alex Kimani via OilPrice.com,
Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze.
To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. (NYSE:CNQ) in 2017 a transaction valued at roughly $11.1 billion CAD ($8.5 billion USD), while Cenovus Energy (NYSE:CVE) acquired most of ConocoPhillips' (NYSE:COP) Canadian assets for C$17.7 billion (approximately US$13.2 billion). And now a similar dynamic is unfolding across Canada's energy sector: Canada's oil patch has recorded over $30 billion in mergers and acquisitions so far in the current year, with Wall Street projecting that this year's final tally will surpass the $53 billion recorded in 2017. However, this year's M&A wave is funda...
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25.09.26 - 20:09
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Wadephul: Vertiefte Beziehung zu Kanada wichtig (DPA-AFX)
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OTTAWA (dpa-AFX) - Außenminister Johann Wadephul hat angesichts der Diskussion über eine mögliche assoziierte Mitgliedschaft Kanadas in der Europäischen Union dazu aufgerufen, sich nicht auf Worte zu fokussieren. "Aus meiner Sicht geht es dabei weniger ......
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25.09.26 - 13:36
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Canadian Dollar Falls As Crude Oil Prices Slide (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Friday, as the crude oil prices retreated from recent highs following reports that Iran has ......
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25.09.26 - 09:54
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Canadian Dollar Falls Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Friday. The Canadian dollar fell to nearly a 2-1/2-month low of 1.4154 against the U.S. doll......
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