Deal Insight

Nexen sells Canadian heavy oil assets to Northern Blizzard for Cdn$975 million

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

19 May 2010

Nexen sells Canadian heavy oil assets to Northern Blizzard for Cdn$975 million

Report summary

Nexen has agreed to sell its heavy oil properties in western Canada to Northern Blizzard Resources, an arm of Natural Gas Partners, a Texas-based private equity fund, for a consideration of Cdn$975 million (US$921 million). Under our base case modelling scenario, the consideration equates to an Implied Long-term Oil Price of around US$90/bbl, suggesting that Northern Blizzard paid a full price for the commercial assets transferred. However, potential organic upside is substantial. To ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Implied Long-term Oil Price sensitivity analysis under base and upside case scenarios
  • Modelling assumptions under base and upside case scenarios
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Nexen sells Canadian heavy oil assets to Northern Blizzard for Cdn$975 million

    PDF 404.24 KB

Other reports you may be interested in

Browse reports by Industry Sector