Mergers and Acquisitions:

• TerraVest Industries Inc. (TSX:TVK) has acquired L.B.T. Inc., an Omaha based tank trailer manufacturer, for about US$16MM. LBT manufactures petroleum, dry bulk, and asphalt tanks, as well as portable storage units, bolstering TerraVest’s position in the trailer market.

•  Q2 Artificial Lift Services, a Red Deer based provider of downhole reciprocating pumps acquired Lufkin Industries, a Missouri based downhole business. The acquisition includes pump shops across Canada and the U.S., and manufacturing facilities in Red Deer, Alberta and Midland, Texas.

Other:

• Trans Mountain has cut its oil flow projections through 2027, citing underused spot capacity and shipper reluctance to pay higher tolls. The outlook raises concerns about the pipeline’s revenue potential and future sale prospects.

• OPEC+ will accelerate oil production increases, reversing its earlier plan to pause or cut supply hikes. This shift, driven by tensions over members exceeding quotas, especially Kazakhstan, aims to pressure overproducers and lower prices. The move also responds to external pressure from U.S. President Trump to reduce crude prices.

• Statistics Canada announced Canada’s trade balance fell to a $1.5B deficit in February from a $3.1B surplus in January as exports dropped 5.5%, led by declines in crude oil (−4.2%), refined petroleum (−15.3%), coal (−26.9%) and natural gas (−8.9%). Imports rose 0.8% to $71.6B.