PetroShale (TSE:LOU) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vitesse Energy is set to acquire Lucero Energy in an all-stock transaction valued at $222 million, enhancing Vitesse’s financial standing and operational scope. The acquisition is expected to be immediately beneficial to Vitesse’s earnings and cash flow, with plans to increase the company’s annual dividend. Lucero’s operations in the Bakken region will add substantial production capabilities to Vitesse’s portfolio.
For further insights into TSE:LOU stock, check out TipRanks’ Stock Analysis page.