U.S. Oil Companies and Investors Revive Interest in Canadian Energy Sector Amid Flurry of Deals

Thursday, Nov 20, 2025 7:59 am ET1min read

US oil companies and investors are reevaluating Canada's energy sector due to a flurry of recent deals. Calgary-based Baytex Energy Corp. sold its US shale operations for $3.25 billion, following acquisitions by Ovintiv Inc. and Cygnet Energy Ltd. BMO Capital Markets sees foreign operators returning to Canada, drawn by profitable drilling locations, slower declining wells, and lower capital requirements. TD Securities notes US producers are evaluating Canadian opportunities, signing confidentiality agreements, and reviewing pipeline infrastructure challenges.

U.S. Oil Companies and Investors Revive Interest in Canadian Energy Sector Amid Flurry of Deals

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