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CS - Upstream M&A slams brakes in Q3, trails other subsectors - October 2019
Q3, trails other subsectors Canadian upstream M&A remained virtually non-existent in Q3, with $235.3 million in deals with disclosed values across six announced transactions. That’s the second-lowest quarterly total recorded by Enverus’ M&A Database after Q1, which had eight deals, including five with disclosed values totaling $70 million. While a confluence of heavy regulations, market volatility, supply bottlenecks and ongoing production curtailments in Alberta have contributed to the slowdown in upstream dealmaking, the energy......
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