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A Nexen natural gas rig in B.C. The character of the energy industry changed after the financial crisis, but unlike oil, natural gas prices never recovered.
A Nexen natural gas rig in B.C. The character of the energy industry changed after the financial crisis, but unlike oil, natural gas prices never recovered.
(David Olecko/Nexen)

Joint ventures the answer to oil patch woes: report

The Canadian energy industry could be in for a raft of new joint venture deals, following a big drop in acquisition activity in 2013.

Analysts at CIBC World Markets cite several reasons why we’re likely to see more alliances in 2014, particularly Ottawa’s tightened rules on investments by foreign state-owned enterprises.