Whitecap Resources (TSE:WCP) has released an update.
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Whitecap Resources has announced the closure of a $420 million infrastructure sale to Pembina Gas Infrastructure, which significantly reduces its net debt and increases liquidity. Additionally, a strategic partnership with PGI will fund the first phase of the Lator Infrastructure project, enhancing Whitecap’s production capabilities in the Montney region. These developments position the company for strong shareholder returns in 2025.
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