Post by
BigSchlick on Feb 13, 2024 11:27pm
Nuttall sees clearwater consolidation
When nuttall was asked on bnn today about possible Canadian o & g company consolidation he specifically mentions the clearwater. The Permian has been vastly consolidated and he is encouraging the same in the clearwater. That being said it leaves one to wonder what combination of companies would be the most beneficial. Who would be most likely to buy tamarack? Who would tamarack be most likely to buy/merge with. Spur is an obvious target as they are still private. Headwater is debt free with cash on hand. Tamarack is the largest clearwater producer with high end assets but it's possible a bigger player wants multiple clearwater companies. Tve's current valuation could fetch an adequate premium. With the major Permian consolidation the u.s. oil production growth will stagnate making acquisitions in canada that much more attractive especially in areas deep in reserves and tier 1 growth projects (clearwater)
Comment by
MLEWICKIMBA on Feb 14, 2024 2:01am
Well written. I think Eric Nuttall almost said Tamarack in that interview but he held himself back. Clearly they are a target or a consolidator. We want 5 bucks soon and we are happy. Of course 6 would be better. It's coming.
Comment by
pogohere on Feb 14, 2024 1:06pm
Where to watch for M&A in the Canadian energy sector Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to talk about the top trends driving M&A in the energy sector. 2-13-24 7:37 https://www.bnnbloomberg.ca/video/where-to-watch-for-m-a-in-the-canadian-energy-sector~2866083