Deal Insight
Husky acquires western Canadian properties from ExxonMobil for Cdn$860 million
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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
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Upsides
- Recent fiscal changes could be favourable
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Risks
- Uncertainty remains in the North American gas market
- Cost control remains key
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Upsides
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Strategic rationale
- Husky Energy
- ExxonMobil
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- 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:
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