Deal Insight
Cenovus sells Tucker oil sands asset for Cdn$800 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Strathcona Resources is further consolidating its position in the Clearwater oil sands region, through the Cdn$800 million acquisition of Cenovus's Tucker thermal SAGD asset. This deal adds 20,000 b/d of bitumen production and is a logical addition to Strathcona's portfolio. The privately backed company has already acquired Lindbergh and Orion, with Orion located just east of Tucker. Strathcona will look to realise operational synergies to lower costs of the two fields. Cenovus ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil sands deals compared by consideration per productionOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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