Canadian energy asset sales seen picking up in coming months: Reuters
Canadian energy companies will likely sell more exploration and production assets in the next several months, driven by weaker producers shoring up their balance sheets and the longer-term prospect of oil prices stabilizing, deal advisers told Reuters. Mergers and acquisitions activity in the Canadian energy patch has waned since oil prices began sliding more than two years ago. Many deals have involved so-called midstream assets such as pipelines, storage and processing facilities, which are more likely to offer steady cash flow.
13 September 2016•2 mins read
