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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