PetroShale (TSE:LOU) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue