Merger Mania Is Transforming Canada’s Oil Scene ...Middle East

OILPRICE - Economy
Merger Mania Is Transforming Canada’s Oil Scene
source : OILPRICE ( Middle East ) () 16
Canada’s oil landscape looks encouraging for 2021 as Whitecap Resources Inc. acquires two oil and gas companies in addition to mergers between other energy companies, with anticipated growth through the coming year as demand for energy steadily increases. In November, Whitecap Resources announced a plan to acquire rival company TORC Oil & Gas through an all-stock transaction of $704.12m equivalent. The deal is expected to go through by 25 February 2021, providing an encouraging outlook for the first quarter of next year.  This merger…

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