Deal Insight
Sinopec acquires Daylight Energy for US$2.8 billion
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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
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 the following images and tables:
- 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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