Seven Generations adds 30,000 boe/d, 2P reserves of 293 mmboe, 310 net sections (155 net Montney sections), and 240 mmcf/d of incremental takeaway capacity through the purchase of Paramount Resources’ Musreau assets in a cash, share, and debt assumption deal worth a combined $1.9 billion. Our proforma outlook highlights the deal as 2% and 3% accretive to CFPS in 2016e/2017e respectively, while our RENAV estimate grows to $36.53 per share. Given the increase to our cash flow and reserve/
27 Jul 2016
Expands Nest with Musreau Assets Out of Paramount
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Expands Nest with Musreau Assets Out of Paramount
- Published:
27 Jul 2016 -
Author:
Cody R. Kwong -
Pages:
11
Seven Generations adds 30,000 boe/d, 2P reserves of 293 mmboe, 310 net sections (155 net Montney sections), and 240 mmcf/d of incremental takeaway capacity through the purchase of Paramount Resources’ Musreau assets in a cash, share, and debt assumption deal worth a combined $1.9 billion. Our proforma outlook highlights the deal as 2% and 3% accretive to CFPS in 2016e/2017e respectively, while our RENAV estimate grows to $36.53 per share. Given the increase to our cash flow and reserve/