Canadian oil and gas: Transactions and trends 2012-13 report and sources to comment available.
CALGARY, Dec. 10, 2012 /CNW/ - Over the last year, Canadian oil and gas
transactions have centred on increased interest from Asian investors
and the high-profile deliberations by the Canadian government about the
implications of foreign investment in Canada's oil and gas industry.
But Canadian transactions will look different in the future — influenced
by macro factors, including the growth of US unconventional oil and
natural gas production, transportation and infrastructure constraints,
increased environmental regulations, continued interest from Asian
investors (both state-owned enterprises and private investors), and
new clarity on the rules governing foreign investment.
Ernst & Young's new report, Canadian oil and gas: Transactions and trends 2012-13, points to the following trends companies can expect in 2013:
Back to business basics: Companies are refocusing on cost reduction, performance improvement,
capital allocation and targeted organic growth initiatives.
Unconventionals have changed the energy dynamic: Shale gas, tight oil and the oilsands are influencing where companies
deploy their capital.
Technology is the name of the game: Technology now plays a critical role in accessing reserves in
increasingly difficult and challenging geological formations.
People are everything: National oil companies stand to benefit more from the business acumen
and know-how developed by Canadians and applied in the Canadian energy
Assets will be priced with a far greater appreciation of underlying
risks: Expect to see an increased discount applied to assets in these
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SOURCE: Ernst & Young
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