Husky sells Saskatchewan assets to Whitecap Resources for US$460 million
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Report summary
On 10 May 2016, Husky announced a deal to sell a portion of its oil producing Saskatchewan portfolio and surrounding infrastructure to Whitecap Resources. The US$460 million (Cdn$595 million) cash deal will be funded through a combination of an existing credit facility and a concurrently completed Cdn$470 million bought-deal equity financing. The deal provides Whitecap with 11,600 boe/d of liquids weighted production (98%), in addition to a well established infrastructure network.
Table of contents
- Executive summary
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 4 images and tables including:
- Upstream assets: Table 1
- Deal analysis: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
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