Deal Insight
CNRL acquires Storm Resources for US$772 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
CNRL strikes again in the Montney. Canada's largest producer will acquire Northeast British Columbia Montney specialist Storm Resources for Cdn$960 million (US$772 million). The transaction is a cash offer reflecting a 10% premium to Storm's recent share price. As Storm Resources was outside of the top 30 producers, our upstream service does not include a cash flow model. Just looking at transaction comparables, CNRL paid within the historic range but higher than some recent Montney ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
Tables and charts
This report includes the following images and tables:
- Upstream assets: Table 1
- Storm Resources map
- Deal analysis: Table 1
What's included
This report contains:
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