Vermilion Strengthens Deep Basin Presence With Westbrick Acquisition [Yahoo! Finance]
Vermilion Energy Inc. Common (Canada) (VET)
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm
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vermilionenergy.com/invest-with-us/overview-invest.cfm
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Source: Yahoo! Finance
Vermilion Energy VET, a Canada-based oil and gas producer, has announced the acquisition of a privately held oil and gas firm, Westbrick Energy Limited, which operates out of Alberta's Deep Basin. The total consideration for the deal is approximately $1.075 billion. The acquisition of Westbrick Energy complements Vermilion's overall strategy to expand its presence in the Deep Basin, where the company has been operating for almost 30 years. The deal is anticipated to be closed in the first quarter of 2025. Strategic Fit With Vermilion's Deep Basin Assets The acquisition adds approximately 770,000 net acres to Vermilion's asset base, from which the company has identified more than 700 drilling locations alongside 50,000 barrels of oil equivalent per day (boe/d) in stable production. The acquisition should also enable the company to maintain a robust inventory supporting a stable production for over 15 years. This shall allow VET to generate increased free cash flows, thereby suppor
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VET
News
- Monday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Vermilion Energy to acquire Westbrick Energy for $1.08-billion [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Vermilion Energy Inc. Announces Strategic Deep Basin Acquisition [Yahoo! Finance]Yahoo! Finance
- Vermilion Energy Inc. Announces Strategic Deep Basin AcquisitionPR Newswire
- Vermilion Energy Inc. Announces 2025 Budget, 8% Dividend Increase and Strong Germany Well Test Results [Yahoo! Finance]Yahoo! Finance
VET
Earnings
- 11/6/24 - In-Line
VET
Sec Filings
- 1/2/25 - Form 6-K
- 12/23/24 - Form 6-K
- 12/19/24 - Form 6-K
- VET's page on the SEC website