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Veren ( (TSE:VRN) ) has issued an announcement.
On March 10, 2025, Veren Inc. and Whitecap Resources Inc. announced a strategic merger to form a leading Canadian light oil and condensate producer valued at approximately $15 billion. This all-share transaction will create the largest landholder in the Alberta Montney and Duvernay regions and the second largest producer in Saskatchewan, enhancing scale and financial strength. The merger is expected to close before May 30, 2025, and aims to unlock significant synergies and growth opportunities, offering improved profitability and returns for shareholders.
More about Veren
Veren Inc. operates in the energy sector, focusing on light oil and condensate production. The company holds significant assets in the Alberta Montney and Duvernay regions and is a prominent light oil producer in Saskatchewan.
YTD Price Performance: -6.83%
Average Trading Volume: 16,736,828
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.01B
See more insights into VRN stock on TipRanks’ Stock Analysis page.