Deal Insight
Sinopec acquires Daylight Energy for US$2.8 billion
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Report summary
Sinopec is to acquire Canadian independent Daylight Energy for Cdn$2.9 billion (US$2.8 billion). Daylight's operations are focused on western Canada's Deep Basin. The portfolio is geographically compact, but encompasses a broad range of plays. Daylight's current production is split 40% liquids / 60% gas, with recent efforts centred on increasing its liquids weighting. The company's growth relies on the future development of its unconventional resource base. As well as ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Pembina
- West Central
- Elmworth
- Duvernay
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Sinopec
- Daylight Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Transaction details: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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