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The Kearl oil sands plant, located approximately 75 kilometres northeast of Fort McMurray, Alta.
The Kearl oil sands plant, located approximately 75 kilometres northeast of Fort McMurray, Alta.
(IMPERIAL OIL)

Oil patch M&A activity gains momentum

The oil patch has buzzed about a deal renaissance since the start of the year, and the numbers prove it’s well under way.

Takeovers and financing have picked up in a big way as natural gas prices, heavy oil price spreads and the Canada-U.S. dollar exchange rate all catapulted into favourable ranges for the Canadian energy sector.