Vermilion Energy (TSE:VET) has released an update.
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Vermilion Energy has announced a strategic acquisition of Westbrick Energy for $1.075 billion, aiming to enhance its operational scale in the Deep Basin. This acquisition is expected to provide Vermilion with significant production capabilities and a robust inventory for long-term growth. The deal will also offer synergies that could improve capital efficiency and financial performance.
For further insights into TSE:VET stock, check out TipRanks’ Stock Analysis page.