Evaluate Energy sees pace of dealmaking picking up this year, after oil majors spent 2022 focused on rewarding shareholders, strengthening balance sheets From jefflagerquist
Canada's oilsands bucked a recent global slowdown in fossil fuel deals, says a new report blaming market uncertainty for dividing buyers and sellers as commodity prices fell.
"Aside from a lack of major mergers, 2022's total can be attributed to a dramatically widened gap between buyer and seller valuations," the report's authors wrote. "Oil prices accelerating past US$100 per barrel following Russia's invasion of Ukraine was a key factor."
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