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(Denny Thurston/iStockphoto)

As energy M&A plunges, small deals keep bankers busy

Energy and power mergers and acquisitions activity is at a four year low, but bankers in Calgary are staying busy working on smaller transactions.

The value of M&A in the sector globally now stands at $123.9-billion (U.S.) for 2013, down 31 per cent from last year and the weakest year since 2009, according to figures from Thomson Reuters.