Deal insight

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.

What's included

This report contains

  • Document

    Husky sells Saskatchewan assets to Whitecap Resources for US$460 million

    PDF 279.72 KB

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:

Tables

  • 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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