RE:RE:Tourmaline An Acquisition Candidate: Majors Return to Canada Totally agree with you and didn't mean for my post to be clickbaity!
My overall question for the Board was (1) the potential for the Major's to return to M&A activity in Canada, (2) the market conditions for that return, and (3) what are the attributes that would lead to a strategic fit?
Since 2014, the Major's have been net divestors of assets. Some have deployed capital to other jurisdictions and others have had to delever. They have now for the most part delevered and at current coil & gas prices have significant cash flow to be deployed.
It's possible that the days of massive capital injections into the oil sands are behind us. Perhaps this changes with economical carbon capture. ESG mandates makes things a bit tricky.