Vermilion Energy ( (TSE:VET) ) has shared an announcement.
Vermilion Energy Inc. has completed its acquisition of Westbrick Energy Ltd., enhancing its presence in the Deep Basin trend in Alberta. The acquisition adds significant production capacity and land, offering operational synergies and long-term production stability. Vermilion plans to leverage these assets to maintain production levels and generate cash flow, aligning with its capital return strategy. The company will update its financial guidance to reflect this increased scale with its Q4 2024 results.
More about Vermilion Energy
Vermilion Energy Inc. operates in the energy sector, focusing on the exploration, development, and production of oil and natural gas. The company is known for its diverse portfolio of assets across North America, Europe, and Australia, with a strong emphasis on sustainable and efficient energy production.
YTD Price Performance: -12.73%
Average Trading Volume: 1,043,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.33B
Learn more about VET stock on TipRanks’ Stock Analysis page.