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.
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:
- Executive summary: Table 1
- Legacy/Crescent Point drilling locations
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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