Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our weekly Word to the Wise in your inbox, subscribe here . Geopolitical developments and economic uncertainty continue to play a role in M&A activity, with active players looking for economic deals that will provide a disciplined CAPEX strategy over the short-term market. On December 9, 2022, Crescent Point Energy Corp (“Crescent Point”) announced their acquisition of Kaybob Duvernay assets from Paramount Resources Corp (“Paramount”) for a value of $375 million. We’ve looked at both companies through a few different lenses using our Asset Suite software tools to allow you to compare the companies and gain some insight of your own regarding this deal. While this is an asset purchase, it is still interesting to see the difference between the two companies. Crescent Point, well known for its Saskatchewan Bakken oil plays, has been gaining ground in the Kaybob Montney in the past few years. Meanwhile, Paramount has been primarily gas-oriented in the Grand Prairie and Central Alberta Regions but appeared to be leveraging some of its […]
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