The Sequeira Partners Energy and Industrial Services Quarterly M&A Review Newsletter for Q2, 2015 is now available.
After a slow start to 2015, deal activity trended upward through the second quarter, despite soft commodity prices. In Q2 2015, WTI prices averaged $57.84/bbl compared to Q1 average prices of $48.50/bbl; however, were down by 44% versus Q2 2014, which averaged $103.10/bbl.
Q2 2015 saw 29 publicly disclosed energy and industrial services transactions involving Western Canadian based companies with an aggregate disclosed value of approximately $992 million. Although volume and disclosed value is higher than the previous quarter, disclosed aggregate valuations and volume are significantly lower than Q2 2014 (47 publicly disclosed transactions with an aggregate disclosed value of approximately $1,750 million).
Key metrics affecting the industry including oil sands capital spending, rig utilization, and drilling rates are also presented.
Download Q2 2015 M&A Quarterly Newsletter below