The Well Street Journal – Q4 2019 – Oilfield Services Deep Dive

Despite a mixed bag of crude pricing activity which saw Brent and WTI rise and WCS decline, the average Canadian active rig count in Q4 2019 fell to 138 rigs versus 179 rigs in Q4 2018, representing a decrease of 23%. Despite some volatility, there are reasons for optimism, as analysts are seeing investor interest return to our country’s energy …

What’s the Deal? Q3 2019 – Industrials & Diversified Services Quarterly Review

Q3 2019 was a steady quarter for mid-market transactions in Western Canada. Alberta led the way with 22 closed transactions, followed by BC with 16. Within the industrial, diversified, and oilfield services segments, Q3 saw 118 disclosed transactions where either the target company or the buyer were Canadian (11% decrease from Q3 2019). Of the 118 transactions, energy (23 transactions), …

The Well Street Journal – Q3 2019 – Oilfield Services Deep Dive

Crude pricing continued to decline quarter over quarter while the average Canadian active rig count in Q3 2019 fell to 132 rigs versus 209 rigs in Q3 2018, representing a decrease of 37%. In Canada, activity continues to be restricted due to limited takeaway capacity and consequently government mandated curtailments. The impact of these obstacles is amplified by a perception …

What’s the Deal? Q2 2019 – Industrials & Diversified Services Quarterly Review

Q2 2019 was a steady quarter for mid-market transactions in Western Canada. Alberta led the way with 17 closed transactions. Within the industrial, diversified, and oilfield services segments, Q2 saw 132 disclosed transactions where either the target company or the buyer were Canadian (63% increase over Q2 2018). Of the 132 transactions, insurance (18 transactions), manufacturing (6 transactions), and agriculture …

The Well Street Journal – Q2 2019 – Oilfield Services Deep Dive

Crude pricing decreased moderately quarter over quarter while the average active rig count in Q2 2019 fell to 88 rigs versus 108 rigs in Q2 2018, representing a decrease of 18%. In Canada, activity continues to be restricted due to limited takeaway capacity and consequently government mandated curtailments. As a result, operators are disincentivized to increase production. That said, the …