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New Deal


Announced

Tamarack Valley Energy to acquire Clearwater assets of Highwood Oil for C$74m.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Offshore Drilling and Other Services

Friendly

Pending

oil and gas assets

Majority

Acquisition

Private

Canada

Single Bidder

Domestic

oil fields

Synopsis

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Tamarack Valley Energy, an energy company, agreed to acquire Clearwater assets of Highwood Oil, an oil and natural gas producer, for C$74m. "The Assets are complementary to Tamarack's strengths in execution and recovery improvement. The Assets also complement our expanding waterflood production in Veteran and boost the Company's free adjusted funds flow over the next several years," Brian Schmidt, Tamarack President and CEO.

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