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