Deal Insight
Total agrees acquisition of UTS Energy
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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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