Sequeira Energy Synopsis – August 2018 Newsletter

Our Sequeira OFS Index was up 3.2% month-over-month and up 5.2% year-over-year to the end of August. Canadian OFS stocks rallied through August before experiencing a pull-back the last week due to the reversal of the Trans Mountain pipeline expansion approval. The reversal served to re-emphasize the significant take-away capacity constraints limiting oil production growth in the WCSB; however, the …

May 2018 Sequeira Synopsis

Sequeira Energy Synopsis – July 2018 Newsletter

Our Sequeira OFS Index was down 0.2% month-over-month and down 3.1% year-over-year to the end of July. Over that same period, WTI was down 5.1% month-over-month, but up 37.1% year-over-year – demonstrating the year-over-year dichotomy between OFS stock returns and crude prices. While many of the larger American oilfield service companies beat consensus Q2 earnings expectations, their Canadian counterparties earnings …

What’s the Deal? Q2 2018 – Industrials & Diversified Services Quarterly Review

Q2 2018 was another strong quarter for mid-market transactions. Within the industrial, diversified and oilfield services segments, Q2 saw 81 disclosed transactions where either the target company or the buyer were Canadian. Of the 81 transactions, 84% were in the Industrial & Diversified sector, 16% were in the Energy Sector. There were 16 transactions in the Industrial & Diversified sector …

May 2018 Sequeira Synopsis

Sequeira Energy Synopsis – May 2018 Newsletter

Our Sequeira OFS Index was virtually unchanged month-over-month to the end of May, though was up 1.5% year-over-year. Rigs continue to be added in the Western Canadian Sedimentary Basin (WCSB) after a weaker than expected Q1 F18, which was largely attributable to colder than normal weather conditions. With spring break-up over, activity has been picking up and all indications are …