Deal Insight
Husky acquires western Canadian properties from ExxonMobil for Cdn$860 million
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Husky Energy is to acquire a package of assets in Alberta and northeast British Columbia from ExxonMobil for Cdn$860 million (US$837 million). The assets will provide 21,900 boe/d of gas-weighted production. Our base case valuation of the acquired properties is US$911 million. This equates to an implied long-term gas price of US$6.25/mcfe. In reality, Husky has probably factored in a lower breakeven gas price on the assumption that it can improve deal economics by increasing ultimate ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
-
Upsides
- Recent fiscal changes could be favourable
-
Risks
- Uncertainty remains in the North American gas market
- Cost control remains key
-
Upsides
-
Strategic rationale
- Husky Energy
- ExxonMobil
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Vestprosess
The Vestprosess system includes the NGLs pipeline from the Kollsnes gas terminal and the Sture oil terminal to the Mongstad refinery.
$2,580
Asset Report
ExxonMobil Alberta
ExxonMobil, while holding a majority interest in Imperial Oil (see separate analyses), also operates in Canada through its wholly owned ...
$3,720
Asset Report
Gassled-Zeepipe Terminal Zeebrugge
The Zeebrugge terminal receives gas, via Zeepipe, from fields such as Troll and Sleipner.
$2,580
