From an acquiring firm's perspective, why are shares rather than cash often a preferred method of payment for a target? Briefly describe three important and different reasons. The oil and gas industry has been working hard to change its capital structure. Required: i) Why were most Canadian firms in the industry trying to change their capital structure? ii) What were most firms doing to change their capital structure? How successful have they been and be sure to support your answer. iii) What macroeconomic factors may alter capital structure targets going forward? From an acquiring firm's perspective, why are shares rather than cash often a preferred method of payment for a target? Briefly describe three important and different reasons. The oil and gas industry has been working hard to change its capital structure. Required: i) Why were most Canadian firms in the industry trying to change their capital structure? ii) What were most firms doing to change their capital structure? How successful have they been and be sure to support your answer. iii) What macroeconomic factors may alter capital structure targets going forward