Deal Insight
Alexander Energy picks up Saskatchewan assets with the all-share acquisition of Renegade Petroleum for US$450 million
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Report summary
On 11 February, Alexander Energy and Renegade Petroleum announced they had entered into an amalgamation agreement, whereby Alexander would acquire all of the issued and outstanding shares of Renegade. The acquisition includes approximately 5,200 boe/d (97% liquids) of production, 150,571 net undeveloped acres, and Cdn$548 million in tax pools. The total transaction price is approximately Cdn$459 million (including Cdn$168 million in net debt), representing a 53% premium to Renegade's ...
Table of contents
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Executive summary
- Announcement on the heels of a bitter proxy battle
- Transaction details
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Upstream assets
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Renegade's Saskatchewan assets drive the economics
- Williston Basin
- Viking
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Renegade's Saskatchewan assets drive the economics
- Deal analysis
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Upsides and risks
- Significant Saskatchewan Upside
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Oil & gas pricing and assumptions
- Economic Assumptions
Tables and charts
This report includes 9 images and tables including:
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Executive summary: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Williston Type Curve
- Viking Type Curve
- Upstream assets: Table 1
What's included
This report contains:
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