TD Securities recently analyzed the strategic reviews of 15 Canadian energy firms over the past 18 months. Bruce Edgelow, vice-president of strategy for lender ATB Financial, said the string of failed strategic reviews over the past 18 months is related to several factors. But he thinks companies will continue with their strategic reviews anyway. TD also provided a list of 29 companies that launched strategic alternative processes from 2011 through 2014, a period of much higher oil and gas prices. Twenty-one of those concluded successfully in corporate sales, refinancings, partnerships or asset sales, the bank said.

Source: CBC News September 18, 2016 16:34 UTC