Deal insight

Crescent Point acquires Legacy Oil + Gas for US$1.25 billion

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Report summary

On 26 May 2015, Crescent Point Energy Corp. announced the acquisition of Legacy Oil and Gas Inc. for total consideration of Cdn$1.53 billion (US$1.23 billion). The acquisition falls in line with Crescent Point's strategy of acquiring high netback, low decline and large oil in-place pools with low recovery rates and development upside. For Legacy, the transaction caps a tumultuous six months where the commodity price decline and its economic effects magnified Legacy's debt position.

What's included

This report contains

  • Document

    Crescent Point acquires Legacy Oil + Gas for US$1.25 billion

    PDF 577.71 KB

Table of contents

  • Executive summary
  • Transaction details
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 5 images and tables including:

Images

  • Legacy/Crescent Point drilling locations

Tables

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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