Last year saw a record number of deals in the Canadian oil patch, with sectoral consolidation reaching an eight-year high. But a new report from Calgary-based Sayer Energy Advisors anticipates mergers and acquisitions in Canada’s upstream oil and gas will moderate over the next 12 months. The report’s findings go against the expectations of industry analysts and executives of more US buyers searching for acquisition targets, along with more favorable government policies towards the sector spurring more action in 2026. According to the…