Veren (TSE:VRN) has released an update.
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Veren Inc. has completed the sale of non-core assets in Saskatchewan for $600 million, with net proceeds aimed at bolstering the company’s balance sheet. The company anticipates reducing its net debt to $2.8 billion by the end of 2024, assuming average oil and gas prices. These measures align with Veren’s ongoing strategy to optimize its financial position and enhance shareholder returns.
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