Deal Insight
CNRL acquires Storm Resources for US$772 million
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 3 images and tables including:
- Upstream assets: Table 1
- Storm Resources map
- Deal analysis: Table 1
What's included
This report contains:
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