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 sector. A combination of perceived value and increasingly negative sentiment surrounding U.S. shale economics has resulted in many considering investing in Canada for the first time since before the 2015 downturn.

Download Quarterly M&A Review: The Well Street Journal – Q4 2019