Article
Canada's Oil Patch On Track For Biggest M&A Wave In A Decade
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),...
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Mar 2, 2026 / Tyler Durden
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Brigitte Kranendonk gestures with her grandmother Brigitte Stegemann. (Family Handout)Brigitte Stegemann died by lethal injection on July 10 at The Pearl, a care home in Cannifton, Ontario, after being diagnosed with Stage IV stomach cancer.
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