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5 Pages

Cenovus sells royalty subsidiary to Ontario Teachers' Pension Plan for US$2.6 billion

Cenovus sells royalty subsidiary to Ontario Teachers' Pension Plan for US$2.6 billion

Report summary

On 30 June 2015, Cenovus Energy announced it had entered into an agreement to sell its wholly-owned subsidiary, Heritage Royalty Limited Partnership, to Ontario Teachers' Pension Plan ('OTTP') for total consideration of Cdn$3.3 billion (US$2.6 billion). Assets in the transaction include royalty and mineral rights across 4.8 million acres across the Western Canadian Sedimentary Basin (WCSB) and gross overriding royalty interests (GORR) in Cenovus-operated oil projects Pelican ...

What's included?

This report includes 1 file(s)

  • Cenovus sells royalty subsidiary to Ontario Teachers' Pension Plan for US$2.6 billion PDF - 8.05 MB 5 Pages, 2 Tables, 2 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

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This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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  • Executive summary
  • Transaction details
  • Deal analysis
  • Strategic rationale
    • Cenovus
    • Ontario Teachers' Pension Plan

In this report there are 4 tables or charts, including:

  • Executive summary
  • Transaction details
    • Transaction details: Table 1
    • Cenovus Crown and Freehold leases
  • Deal analysis
    • Deal analysis: Table 1
  • Strategic rationale
    • Gearing ratios: Focused Canadian peer group
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