Description: CALGARY — Canadian Natural Resources Ltd. has dethroned Suncor Energy Inc. as Canada’s most valuable energy company amid a selloff in domestic oil and gas stocks that has continued to erode the size of the energy industry on major North American stock indices.

Source: FinancialPost.com

Date: Oct 06, 2020

Link: https://financialpost.com/commodities/energy/as-investors-dump-oil-holdings-canadian-natural-overtakes-suncor-as-canadas-most-valuable-energy-company

Questions for discussion:

• Summarize the situation in the Canadian oil and gas industry.
• Why are more mergers and acquisitions likely?