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 of political uncertainty, which has had the effect of dampening investor enthusiasm for the country’s energy sector.

Download Quarterly M&A Review: The Well Street Journal – Q3 2019