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Real money wades into oil and gas

Canadian Pension Plan

News that the Canadian Pension Plan Investment Board - one of the largest global infrastructure investors - is looking at further oil and gas acquisitions is further confirmation that these big financial investors now consider small companies in the sector ripe for the picking. As the sustained collapse in world oil prices - their revival in recent weeks still leaves them at least 40% shy of June 2014 levels - puts increasing pressure on small, lightly capitalised upstream operations, their ability to hold out for better times (and higher valuations) is diminishing by the month.

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