Whitecap Resources and Veren to merge in massive $15-billion deal
Whitecap Resources Inc. and Veren Inc. have announced plans to merge in a $15-billion transaction aimed at creating Canada’s largest light-oil-focused producer. If approved, the new company, under Whitecap’s name, would have combined production of around 370,000 barrels of oil equivalent per day, the companies said in a release Monday.
Whitecap and Veren Merger Reshapes Canadian Energy Landscape
Whitecap Resources and Veren Inc. have merged in a no-cash, all-stock deal to create a larger, more resilient energy company aiming to improve valuations and navigate market volatility in the Canadian energy sector.
Toronto Stocks Retreat; Veren Shares Rise on C$15B Merger with Whitecap Resources
Shares of Veren rose more than 15% to 8.15 Canadian dollars ($5.67) after the company agreed to merge with Whitecap Resources in a C$15 billion deal that will enlarge its Alberta oil and gas footprint.
Whitecap to acquire Veren in $15B all-stock deal, creating major shale player
Oil and gas producers Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion deal to create the biggest landholder in two Alberta shale formations.
Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer
Whitecap Resources and Veren have agreed to merge in a $10.4 billion all-share transaction, creating a leading Canadian light oil and condensate producer.
Veren and Whitecap Merger to Create a C$15B Energy Powerhouse
Veren Inc. VRN and Whitecap Resources Inc. have announced a transformative C$15 billion merger, creating Canada’s leading light oil and condensate producer with significant assets in Alberta’s Montney and Duvernay formations.
Whitecap Resources And Veren To Merge
The Whitecap Resources and Veren merger creates a cash flow powerhouse, offering strong dividends, and operational advantages. See more on the M&A here.
Oil Producer Veren to Merge With Whitecap Resources in Nearly $10.4 Billion All-Share Deal
Veren (VRN) and Whitecap Resources agreed to merge in an all-share transaction worth roughly 15 billion Canadian dollars ($10.39 billion) that will create the largest Canadian light oil-focused producer.
Calgary Herald on MSN3dOpinion
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Underground hydrogen storage in Canada
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Obsidian Energy Ltd
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