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-0.000327118089630369 -0.000708755860865748 0.000654236179260738 0.00076218514883862 0.00365281866753891 0.00708755860865763 0.00577908625013631 0.00577908625013631
Stock impact report

Analysis-Oil majors eye resurgent Canadian energy in wake of Middle East upheaval [Yahoo! Finance Canada]

TotalEnergies SE Ordinary Shares (TTE) 
interest from global energy majors as the Middle East conflict has heightened the country's attractiveness to the world's biggest operators, with Shell's $16.4 billion agreement to buy ARC Resources the clearest sign of the shift. TotalEnergies and ConocoPhillips ?are among the companies taking a fresh look at Canadian competitors, alongside Equinor and BP. Companies have asked investment bankers in recent weeks to draw up lists of logical acquisition ?targets, according to interviews with a dozen people familiar with the discussions. The renewed interest reverses a decade-long trend, where foreign companies partially or fully divested from Canada's fossil fuel sector. The country's leadership has turned more supportive of oil and gas since ?Prime Minister Mark Carney took office as the Iran war has investors seeking safer environments. It has completed new export routes for both crude and natural gas that could spur further development, and has vast undeveloped resources that cou Show less Read more
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