When does the valuation gap between US Permian and Canadian Montney begin to narrow? Diamondback M&A metrics suggest that companies could buy more than 3 times as much Montney production for the same price – BOE Intel

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When does the valuation gap between US Permian and Canadian Montney begin to narrow? Diamondback M&A metrics suggest that companies could buy more than 3 times as much Montney production for the same price – BOE Intel

Big news in the Permian this morning, as the rumours that Diamondback was looking at acquiring Double Eagle turned out to be true. Diamondback press released this morning that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million