Share this Story : Edmonton Journal Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Varcoe: Decade-high number of Canadian petroleum producers valued at $1B or more, in wake of consolidation wave

'The interest in Canada has picked up a lot,' said Brian Schmidt, CEO of Calgary-based Tamarack Valley Energy

You can save this article by registering for free here. Or sign-in if you have an account.

It’s taken a decade for Canada’s oil and gas sector to return to this point, but 32 petroleum producers in the country recently hit a noteworthy milestone.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

New data from analyst Jeremy McCrea at BMO Capital Markets shows that for the first time since 2016, there were 32 oil and gas producers on the Toronto Stock Exchange with a market capitalization exceeding $1 billion at the end of May.

That’s double the number seen in 2020 during the pandemic, although still down from 39 reported in........

© Edmonton Journal