Canada’s oil and gas industry attracts record $6.3 bln in private equity

Private equity ratcheted up its activity in Canada’s oil patch in 2014, signalling a potentially dramatic shift in the energy industry’s funding sources. To date this year, 46 oil and gas deals have absorbed $6.3 billion in disclosed values, according to Thomson Reuters' data. Pentti Karkkainen, co-founder of and senior strategy advisor to KERN Partners, said that record investment shows private equity is rapidly filling much of the void that has recently been left by traditional public market sources.

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