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 ...

What's included

This report contains

  • Document

    PTTEP acquire Cove Energy for US$1.9 billion

    PDF 3.57 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Images

  • Asset Location
  • Wood Mackenzie valuation - long-term oil price and discount rate sensitivity

Tables

  • 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

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