The major C$32.1 billion in oilsands deals that were announced in March dominated Canadian M&A activity during the first seven months of 2017, comprising 87 percent of the overall value of transactions. But there’s been a lot going on outside the oilsands as well.
New analysis in CanOils’ latest M&A report illustrates that upstream activity picked up in terms of overall deal values throughout Q2, but the actual number of deals dropped off in June. After the second quarter ended, even though the number of new deals stayed flat, July saw three of Canada’s largest deals outside of the oilsands sector to boost deal totals.
Below are the top 10 upstream deals in Canada this year so far, away from the four huge deals in the oilsands mining sector, according to CanOils M&A data.
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