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Stock impact report

Vermilion Energy to acquire Westbrick Energy for $1.08-billion [Globe and Mail, The (Toronto, Canada)]

Vermilion Energy Inc. Common (Canada) (VET) 
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm Check Earnings Report
Canada's Vermilion Energy VET-T decrease said on Monday it will acquire privately held oil and gas firm Westbrick Energy for $1.075-billion, strengthening its position in the Deep Basin of Alberta. U.S.-listed shares were up 1.4 per cent at $8.99 in premarket trade. The acquisition, which is expected to close in the first quarter of 2025, is likely to add 50,000 barrels of oil equivalent per day to its existing production. The integrated oil and gas firm said the acquisition will make it the fifth largest producer in the basin. Sign up for the Streetwise Newsletter. Follow the money with news and analysis on banks, capital markets, mergers, acquisitions, and Bay Street moves (subscribers only) Subscribe Explore newsletters Report an editorial error Report a technical issue Tickers mentioned in this story Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 20/12/24 4:00pm EST Symbol Name % change Last Show less Read more
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