Deal Insight
Whitecap acquires TORC for US$700 million
Report summary
Whitecap Resources announced the acquisition of TORC Oil & Gas in an all stock deal valued at Cdn$900 million (US$700 million). The deal is expected to close in February 2020.TORC is a light oil weighted producer primarily focused in the Alberta Cardium and Southeast Saskatchewan. Current production is 25,000 kboed, 89% liquids. The strategic combination is the second move by whitecap this year to grow in scale and improve its resilience. The addition of TORCs land base provides over 10 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Upsides and risks
- Upside
- Risks
-
Strategic rationale
- Whitecap
- TORC
- Oil & gas pricing and assumptions
Tables and charts
This report includes 3 images and tables including:
- Whitecap and TORC land base
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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