Crescent Point solidifies Montney dominance in $2.55B deal for Hammerhead Energy

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CALGARY — Crescent Point Energy Corp. says it has signed a $2.55-billion deal to purchase Hammerhead Energy Inc, a Calgary-based energy company with assets...

CALGARY — Crescent Point Energy Corp. says it has signed a $2.55-billion deal to purchase Hammerhead Energy Inc, a Calgary-based energy company with assets in the Montney oil-producing region of northwest Alberta.

The deal, which includes approximately $455 million of Hammerhead’s net debt, will see Hammerhead shareholders receive $21 per fully diluted common share, through a combination of approximately $1.5 billion in cash and 53.2 million common shares of Crescent Point. Legendary investor Charlie Munger blasted gamblers, touted Heinz and Hermès, and revealed Warren Buffett's views in a rare interview this week. Here are his 22 best quotes.

 

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Crescent Point solidifies Montney dominance in $2.55B deal for Hammerhead EnergyCALGARY — Crescent Point Energy Corp. says it has signed a $2.55-billion deal to purchase Hammerhead Energy Inc, a Calgary-based energy company with assets in the Montney oil-producing region of northwest Alberta.
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