Canadian petroleum company acquisitions up, financings down

Canadian M&A Activity, First Half [77,226 bytes] First Half Canadian Oil Industry Financing [68,747 bytes] CANADIAN ENERGY FIRMS SET a record for merger and acquisition (M&A) activity in first half 1998. The total value of M&A transactions during the period was $10.1 billion (Canadian), an increase of $2.2 billion, or 28%, from the same period last year, and almost double that of first half 1996 (see chart this page). These are the conclusions of Calgary-based Sayer Securities Ltd.'s quarterly report on Canadian M&A activity. Meanwhile, first half 1998 treasury financings completed by Canadian oil and gas companies decreased 16% from the same period in ...

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