Canada oil patch set for decade's biggest M&A wave as consolidation accelerates

Canadian oil and gas M&A is on track for its largest wave in a decade, driven by consolidation among producers seeking scale and efficiency. The trend follows a prior cycle of asset sales by majors, with recent deals like Shell's 2017 divestiture to Canadian Natural Resources setting precedent. This wave signals renewed capital investment in Canadian energy, potentially boosting production and affecting global supply dynamics.