Sep 22, 2016
In an article written for Reuters, reporter John Tilak examines the anticipated uptick in sales of exploration and production assets in the Canadian energy sector in the months ahead. Tilak discusses the shift from the midstream deals of the past few years – those involving pipelines, storage and processing facilities – to the upstream sales activity that is expected in the near future. In the article, Noralee Bradley, an Osler partner who practises in the Corporate Group in the firm’s Calgary office, offers insight into this changing mergers and acquisitions landscape, predicting a greater number of asset sales in the exploration and production areas, compared with the midstream deals seen more recently.
“Energy producers are sitting on dry powder to deploy on E&P assets. The capital is waiting to be used,” Noralee comments.
The article concludes with a comment from an industry analyst suggesting that an increase in E&P asset sales would likely correspond with an increased confidence that the beleaguered energy market is improving.
Read John Tilak’s full article “Canadian energy asset sales seen picking up in coming months” published September 14, 2016 on the Reuters site.