Deerfoot Tuck-in, exceptional timing, good value, well doneRough numbers.
Premium property and assets,
Best province to weather $90-110 oil.
9% was bought for approximately 12-13x forward-FcF
That means, excluding interest charges, this purchase will pay for itself in 12-13 years.
Similar quality assets in same region could see 15x FcF valuation.
GH consolidated 9% stake at value arguably 10-15% below FMV, depending on which way economic winds blow and who's gauging them.
Nice news on a rough day in the markets.
Been waiting 15+ yrs to see this happen.
Did I mention covid is over?
Great timing.
For those asking about seller, they were the founder of Hich Arctic Energy Services.
Shouldn't matter.
Fair deal.
Now I wonder if the Kasking was involved somehow...
Interesting.