Cenovus Energy Inc T.CVE

M&A Fever Hits Canada's Oil and Gas Industry

[Megasupreme]

https://oilprice.com/Energy/Crude-Oil/MA-Fever-Hits-Canadas-Oil-and-Gas-Industry.html

[Megasupreme]

 "could see a megamerger in the coming months" WOW!

[andy604]

At the start of 2024, bankers and analysts continued to believe more energy deals are in the works in Canada.  Over the past year, there has been growing interest from U.S. companies to buy Canadian oil and gas assets, especially private U.S. firms, Brad Wells, head of energy at BMO Capital Markets, told Bloomberg in an interview this week. While Canadian firms are in

[Megasupreme]

An US mega Cap oil giant can take a run at the big 3 in Canada. Long life oil sand properties make sense for them. Outright takeover might not be political possible though.

[ztransforms173]

- your theory GOES AGAINST RECENT history - Shell, ConocoPhillips, TotalEnergies, ExxonMobil ALL MADE HUGE EXITS - Government of Canada will NOT PERMIT TAKEOVER of CNQ, SU and CVE - XOM BUYING OUT the ~ 30% of Imperial Oil that it DOES NOT OWN is a POSSIBILITY as KEARL Oil Sands mine is GETTING VERY PROFITABLE with LOW OPERATING COSTS and LONG LIFE RESERVES z173

[ztransforms173]

- CNQ, SU, CVE and IMO are OUT OF THE QUESTION to MERGE with EACH OTHER due to REGULATORY CONSTRAINTS - however; TOU, ARX, PEY , BIR etc. are DEFINITELY POTENTIAL TARGETS in the natural gas SPACE - BITUMEN SAGD player MEG would be RIPE for M&A but it is PRICY at this moment - then there is the WHOLE BUNCH of E&P targets in the SMALLER producers    z173