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Bellatrix consolidates Cardium position with acquisition of Angle

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17 October 2013

Bellatrix consolidates Cardium position with acquisition of Angle

Report summary

On 15 October 2013, Bellatrix Exploration announced that it will acquire Angle Energy for a consideration of Cdn$576 million (US$555 million). The acquisition - the fifth largest in Canada this year - will result in Bellatrix leaping into the top three Cardium acreage holders.

Table of contents

  • Cardium value drives the deal
  • Material upside remains in the Mannville, Viking and Duvernay
  • Deal follows a series of joint ventures in west central Alberta
  • Economic Assumptions

Tables and charts

This report includes 1 images and tables including:

  • Harmattan and Ferrier valuations

What's included

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  • Document

    Bellatrix consolidates Cardium position with acquisition of Angle

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