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Cona Resources to acquire Pengrowth Energy Corp for US$571 million

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06 November 2019

Cona Resources to acquire Pengrowth Energy Corp for US$571 million

Report summary

On 1 November 2019, Pengrowth Energy Corporation announced that it had entered into a definitive agreement to be acquired by Cona Resources for an aggregate value of approximately Cdn$751 million (US$571 million). The deal includes the Lindbergh oil sands project, with significant development potential, as well as Pengrowth's Groundbirch Montney position. Cona has agreed to pay the outstanding debt and purchase all outstanding shares for Cdn$0.05/share (US$0.04/share).

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 7 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 & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Cona Resources to acquire Pengrowth Energy Corp for US$571 million

    PDF 743.56 KB

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