Pembina Pipeline to buy midstream assets from Veren in C$400M deal [Seeking Alpha]
Veren Inc. Common shares (VRN)
Company Research
Source: Seeking Alpha
Pembina ( PBA ) said its Pembina Gas Infrastructure unit, which is jointly owned by KKR, will acquire four oil battery sites in the Gold Creek and Karr areas, which have a natural gas handling capacity of 320M cf/day and liquids handling capacity of 53K bbl/day. Veren ( VRN ), formerly Crescent Point Energy, will retain operatorship of the acquired assets while also acquiring full operatorship of four oil battery sites which are currently operated by PGI. PGI also said it will fund as much as $300M, of which about a third already has been committed, for Veren's ( VRN ) future battery and gathering infrastructure in the area. Veren ( VRN ) said it expects the deal proceeds will result in C$1.3B of total debt reduction in 2024. Recommended For You More Trending News Recommended For You More Trending News Related Stocks In The News Trending Analysis Trending News
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VRN
News
- Veren Inc. (NYSE: VRN) had its price target lowered by analysts at Royal Bank of Canada from $12.00 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
- Veren stock drops after lowering 2024 production goals [Wealth Professional (Canada)]Wealth Professional
- Veren reports $277.2-million third-quarter profit, trims 2024 production guidance [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Veren Announces Q3 2024 Results & Updated Outlook [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Veren Announces Q3 2024 Results & Updated OutlookPR Newswire
VRN
Earnings
- 10/31/24 - Beat
VRN
Sec Filings
- 11/13/24 - Form SC
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- VRN's page on the SEC website