The Canadian oil and gas sector is competitive and highly fragmented, with small, intermediate and large players active primarily in the Western Canadian Sedimentary Basin. The sector has traditionally had, and continues to have, significant M&A activity, with domestic and foreign intermediate and larger players acquiring smaller players. Smaller companies often acquire non-core assets from larger players to rationalize their asset portfolios. Published in the June/July 2011 issue of
Executive Counsel magazine.