Strathcona Resources and Pipestone Energy to merge: A look at Canada’s newest oil giant
Strathcona Resources has struck a monumental deal, agreeing to acquire Pipestone Energy in an all-stock transaction valued at around C$8.6bn ($6.5bn). The acquisition, which includes approximately CAD 2.9 billion ($2.2 billion) in pro forma debt, will result in the total enterprise value of the newly expanded company reaching an impressive CAD 11.5 billion ($8.65 billion). […]