Offering ~$11.00/share in cash and shares for MEG. Estimates ~$200 mm/year in near-term realizable synergies. ~18% accretive to ‘20e FCFPS at strip (relative to sustaining capital). Suspect this plays out like SU/COS did (deal closes after bid raised). Expect the shares to be weak in near term.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
HSE proposes unsolicited offer for MEG Energy
- Published:
01 Oct 2018 -
Author:
Michael P. Dunn -
Pages:
7
Offering ~$11.00/share in cash and shares for MEG. Estimates ~$200 mm/year in near-term realizable synergies. ~18% accretive to ‘20e FCFPS at strip (relative to sustaining capital). Suspect this plays out like SU/COS did (deal closes after bid raised). Expect the shares to be weak in near term.