Vermilion Energy announces $1B deal to buy Westbrick, bolstering scale in Deep Basin
- Vermilion Energy Inc. Is acquiring Westbrick Energy Ltd. For $1.075 billion.
- The acquisition is a significant step for Vermilion in increasing operational scale in Alberta's Deep Basin.
- The deal will add 50,000 barrels of oil equivalent per day and approximately 770,000 net acres of land.
- Vermilion also raised its dividend to 13 cents per share and outlined a capital spending plan of $600 million to $625 million for 2025.
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Leaning Left9Leaning Right3Center3Last UpdatedBias Distribution60% Left
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- 60% of the sources lean Left
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C 20%
R 20%
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