Deal Insight
Total agrees acquisition of UTS Energy
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Report summary
Total has reached agreement to acquire UTS Energy and its primary asset, a 20% stake in the Fort Hills mining project - one of the best remaining mineable opportunities in the Athabasca oil sands region. The deal will cement Total's position as a leading player in the oil sands, securing an additional source of long-term production and reserves growth. UTS shareholders will receive a 46% premium to the prior day closing price, and retain a stake in a new high-growth exploration and ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- UTS' participation has evolved through a series of 'earn-in' arrangements
- Development has been on hold since 2008
-
Deal analysis
- The long-term bitumen differential is a key valuation sensitivity
- Upsides and risks
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Strategic rationale
- Total
- UTS
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- 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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