In September 2016, GMP Securities combined its energy businesses with Calgary-based FirstEnergy Capital to create GMP FirstEnergy, a leading independent global energy investment bank and an important part of the fabric of the Canadian energy culture. The energy business will continue to be managed as it has always been, but now able to leverage the broader platform and extensive resources of GMP Securities - a leading and diversified Canadian independent franchise. GMP FirstEnergy combines the deep energy sector expertise, transactional experience and agility of a focused energy boutique with the strengths of a well capitalized national independent investment dealer. GMP FirstEnergy's highly experienced professional are solely dedicated to fostering global energy development. As such, the franchise plays a prominent role in the energy sector providing focused financial, advisory and investment services to a broad range of corporate clients and institutional investors worldwide. GMP FirstEnergy's technical expertise and comprehensive understanding of oil and gas assets around the globe allow it to deliver superior advice and execution to its clients.
With dedicated energy offices in Calgary, London, Toronto and Hong Kong, GMP's energy expertise and coverage encompass global energy exploration, production, technology and transportation. We provide our clients with deep industry knowledge and market intelligence on hundreds of energy companies in various stages of development around the world.
Clients routinely turn to GMP FirstEnergy for our energy expertise and our extensive global distribution capabilities to access investors worldwide. Through GMP Securities, GMP FirstEnergy clients gain access to one of the most extensive institutional and retail networks in Canada for new product distribution, as well as an expansive global distribution network which offers issuers broad exposure to institutional investors worldwide. We have a proven track record of seamlessly executing transactions for our energy clients.
Our teams deliver a comprehensive suite of products and services to an expanding international client base, including both equity and debt capital markets expertise and a host of advisory opportunities. We believe we are differentiated by our superior execution capabilities, proven transactional experience, the expertise of our people and our ability to coordinate seamlessly across the entire energy franchise.
Higher Canadian oil prices may not last: FirstEnergy: According to Martin King, Director, Institutional Research, at GMP FirstEnergy, Canadian oil prices are ticking higher but that the gains are unlikely to last.