Deal Insight
Tourmaline acquires Jupiter Resources for US$480 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Tourmaline Oil announced the acquisition of Jupiter Resources in an all stock deal valued at US$480 million (Cdn$626 million). The deal is expected to close in December 2020.Jupiter Resources is a private natural gas producer focused on development in the Alberta Deep Basin. Its assets include over 500 net sections of land and working interest in Resthaven and Kakwa gas processing facilities.We view this deal as another opportunistic acquisition by Tourmaline who has emerged as an M&A ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Tourmaline, Jupiter and Modern land base
- Upstream assets: 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
What's included
This report contains:
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