Vermilion Energy Sells Saskatchewan and Manitoba Assets for $415 Million

An update from Vermilion Energy ( (TSE:VET) ) is now available.

On May 23, 2025, Vermilion Energy Inc. announced an agreement to sell its Saskatchewan and Manitoba assets for $415 million to a private equity-backed buyer. The transaction, expected to close in the third quarter of 2025, aims to accelerate debt repayment and strengthen the company’s balance sheet. The assets, which include significant reserves and daily production volumes, are forecasted to generate substantial annual net operating income. This strategic move is expected to reduce Vermilion’s production and capital expenditures for 2025, aligning with their financial goals.

The most recent analyst rating on (TSE:VET) stock is a Sell with a C$12.00 price target. To see the full list of analyst forecasts on Vermilion Energy stock, see the TSE:VET Stock Forecast page.

Spark’s Take on TSE:VET Stock

According to Spark, TipRanks’ AI Analyst, TSE:VET is a Neutral.

The overall stock score reflects a stable asset base and positive cash flows, but is tempered by profitability challenges and technical indicators showing no clear momentum. Positive corporate events and strategic acquisitions provide potential for future improvement.

To see Spark’s full report on TSE:VET stock, click here.

More about Vermilion Energy

Vermilion Energy Inc. is a Calgary-based company operating in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas. The company is involved in the Western Canadian Basin and has a significant presence in Saskatchewan and Manitoba.

Average Trading Volume: 938,555

Technical Sentiment Signal: Sell

Current Market Cap: C$1.41B

See more insights into VET stock on TipRanks’ Stock Analysis page.