Deal Insight
PetroChina acquires 50% of Encana's Cutbank Ridge assets
This report is currently unavailable
Report summary
In its largest acquisition to-date, PetroChina has acquired 50% of Encana's Cutbank Ridge assets for Cdn$5.4 billion (US$5.4 billion). The deal is PetroChina's first venture into the North American natural gas space, and the largest of an increasing number of acquisitions by Chinese NOCs in the region. The transaction substantiates two of our key messages for M&A drivers in 2011; unconventional gas and the voracious appetite for resource capture of the Chinese NOCs.The ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Focus on the Montney gas play
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- PetroChina
- Encana
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Upstream assets: Table 1
- Deal analysis: Table 1
- Wood Mackenzie valuation sensitivity to gas price, discount rate and 2P reserve modelling assumption
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Strategic rationale: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Ovintiv British Columbia
Ovintiv is a US-based E&P with positions in several unconventional resource plays across North America. Ovintiv is the largest gas ...
$3,100
Country Report
Colombia upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
Country Report
Ecuador upstream fiscal summary
Detailed analysis of fiscal systems applicable to new licences in Ecuador
$1,650