Canadian oil and gas companies agreed to or proposed deals worth more than US$7.7 billion ( C$10 billion ) just in the past week and a half, tempted by lower price valuations for Canadian oil firms despite the risk of drawing shareholder anger with spending. Last week, Husky Energy launched an unsolicited US$5 billion (C$6.4 billion) bid to acquire MEG Energy. “We are committed to realizing this opportunity and strongly believe the Offer is in the best interests of Husky and MEG shareholders, as well as our respective employees and other stakeholders,” Husky Energy said upon announcing the offer. Husky’s shares, however, dropped 3 percent after announcing the hostile bid, Canada’s Financial Post reports. Again last week, Precision Drilling Corporation said that it was buying Trinidad Drilling in an all-share deal valued at US$788 million (C$1.028 billion), including assuming Trinidad Drilling’s debt. Precision Drilling emerged as a white knight […]