More M&A Expected in Canada's Oil Patch

摘要

Mergers and acquisitions (M&A) in Western Canada are expected to continue gaining steam after last week's megadeal that saw Calgary-based pipeline giant Enbridge snap up Houston-based Spectra Energy in a C$37 billion (US$29 billion) all-stock transaction (OD Sep.7'16). 'M&A activity is a potential way to grow and ride out an economy that's not thriving,' said Sarah Gingrich, a partner with Fasken Martineau DuMoulin LLP in Calgary. 'It's also a means of survival for some companies - we are seeing a number of bankruptcies in the oil patch these days.'