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The latest announcement is out from Vermilion Energy ( (TSE:VET) ).
Vermilion Energy announced a significant acquisition deal valued at $1.075 billion to acquire Westbrick Energy Ltd. This transaction is expected to enhance Vermilion’s production capacity by adding approximately 50,000 boe/d and expand its land holdings, strengthening its operational footprint. The deal is projected to close by mid-Q1 2025, enabling Vermilion to improve capital efficiency and leverage synergies. The acquisition will be funded through a combination of existing credit facilities and new financing arrangements, with an objective to further reduce net debt through asset divestments and cash flow allocation.
More about Vermilion Energy
Vermilion Energy Inc. operates in the oil and gas industry, focusing on the production of crude oil and natural gas. The company has a significant presence in North America and Europe, with a market strategy that emphasizes stable production and a diversified portfolio of global gas assets.
Average Trading Volume: 1,166,706
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.46B
For detailed information about VET stock, go to TipRanks’ Stock Analysis page.
