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Cenovus sells Tucker oil sands asset for Cdn$800 million

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20 December 2021

Cenovus sells Tucker oil sands asset for Cdn$800 million

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 8 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil sands deals compared by consideration per production
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Cenovus sells Tucker oil sands asset for Cdn$800 million

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