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6 Pages

Suncor Energy acquiring Canadian Oil Sands in US$4.6 billion all-share deal


Suncor Energy acquiring Canadian Oil Sands in US$4.6 billion all-share deal

Report summary

Canadian Oil Sands is a single-asset, pure-play oil-sands venture, focused on optimizing value from its 36.74% stake in the Syncrude mining project. The combination underscores Suncor's strategy to pursue counter-cyclical growth opportunities and reinforces the company's place as the top oil sands producer by volume. The agreement comes almost four months after Suncor's initial hostile bid on 5 October 2015. The original bid was priced at 0.25 Suncor shares for each Canadian Oil Sands' share. The exchange ratio was revised upwards to 0.28 in the concluding offer, as both sides came to a mutual agreement amid further oil price weakness.

What's included?

This report includes 1 file(s)

  • Suncor Energy acquiring Canadian Oil Sands in US$4.6 billion all-share deal PDF - 295.47 KB 6 Pages, 7 Tables, 0 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Syncrude's performance
    • Oil and gas prices
    • Lease synergies
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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