Announced
Completed
Financials
Tags
Completed
oil exploration
Single Bidder
Canada
Integrated Oil and Gas
Majority
Acquisition
light-oil
Domestic
Friendly
Private
Synopsis
Tamarack Valley Energy, an oil and gas exploration and production company, completed the acquisition of Anegada Oil, a light-oil producer, for $494m. "Our shareholders indicated a desire to be a part of a larger high-quality entity with greater free cash flow. We see the combination of the Clearwater and Charlie Lake oil plays providing Tamarack with top decile inventory with significant free cash flow growth and yield potential," M. Brandon Swertz, Anegada President & CEO.
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