Ivey Publishing

Product Details

Canadian Occidental Petroleum Ltd.: The Wascana Energy Inc. Decision
Product Number:
9A97N014
Publication Date:
10/24/1997
Revised Date:
02/05/2010
Length:
21 pages (10 pages of text)
Product Type:
Case (Field)
Source:
Ivey
Wascana Energy Inc., an oil and gas producer, had just rejected an unsolicited $1.8 billion takeover offer from Talisman Energy Inc. Rival Canadian Occidental Petroleum Ltd. had gained access to confidential Wascana data in order to determine whether a higher bid than Talisman's was warranted, and if so, how to structure the deal. The acquisition would need to make strategic sense.
Learning Objective:
This case can be used in an introductory finance course to teach students about valuation in a strategic setting. Students should be familiar with cost of capital and time value of money concepts prior to studying this case. Specifically, this case is designed to provide an opportunity for students to learn about: the oil and gas industry; valuation of oil and gas companies; mergers and acquisitions and playing the game, including pre-acquisition agreements and shareholder rights plans; the strategy involved in merger and acquisition situations.
Issues:
Disciplines:
Finance,  International
Industries:
Mining, Quarrying, and Oil and Gas Extraction
Setting:
Canada, Medium, 1997
Intended Audience:
Undergraduate/MBA
Price:
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download
Associated Materials
Supplements: 7A97N014 (168 KB)
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