Deal Insight
PTTEP acquire Cove Energy for US$1.9 billion
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Report summary
* UPDATE - 23 May 2012 - PTTEP (the Thai national oil company) announced its intention to make a takeover offer priced at £2.40 (US$3.76) per share, valuing Cove's stock at US$1.91 billion (equivalent to an effective consideration of US$1.74 billion, adjusted for Working Capital). The offer was recommended by the Cove Energy Board. * UPDATE - 24 April 2012 - Shell announced that it would match PTTEP's earlier offer for Cove Energy of £2.20 (US$3.45) per share. The ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Risks
-
Strategic rationale
- Shell
- PTTEP
- Cove
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Asset Location
- Wood Mackenzie valuation - long-term oil price and discount rate sensitivity
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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