Whitecap-Veren Merger: Over 9% Dividend Yield And Still Growing With 2030 Projection
The C$15 billion Whitecap-Veren merger creates the 7th-largest Canadian oil & gas producer. Read why SPGYF and VRN stocks are a Strong Buy.
Whitecap Resources, Veren to Merge in a $10.4 Billion All-Share Deal
Whitecap Resources and Veren have agreed to combine their companies in $10.44 billion deal that will enlarge their Alberta oil and gas footprint.
Whitecap to Acquire Veren in $15 Billion All-Stock Deal; Veren Shares Surge 16%
Under the arrangement, one Whitecap share will be awarded to every Veren share owner. Under the Whitecap moniker, the merged firm will run under Whitecap's present management team. Whitecap's board will include four Veren directorsincluding President and CEO Craig Bryksa.
Whitecap and Veren merge in $10.4bn deal to expand shale operations
Whitecap Resources, a Canadian oil company, is set to merge with Veren, also an oil and gas company in Canada, in an all-stock transaction valued at C$15bn ($10.43bn), including debt. The merger will position the combined entity as the “seventh-largest” oil and gas producer in Canada and the largest Canadian light oil-focused producer.
Whitecap and Veren Merger Reshapes Canadian Energy Landscape
Whitecap Resources and Veren Inc. have merged in a no-cash, all-stock deal to create a larger, more resilient energy company aiming to improve valuations and navigate market volatility in the Canadian energy sector.
Veren Soars On Whitecap Merger Deal: Details
Veren Inc. (NYSE:VRN) shares are trading higher on Monday after the company inked a merger deal with Whitecap Resources Inc. for an all-share transaction valued at around C$15 billion ($10.4 billion),
Whitecap to acquire Veren in $15B all-stock deal, creating major shale player
Oil and gas producers Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion deal to create the biggest landholder in two Alberta shale formations.
Veren, Whitecap Resources to merge in all-stock deal valued at ~$15B
Veren and Whitecap Resources announce a merger agreement in an all-share transaction valued at ~$15B including debt.
Veren and Whitecap Merger to Create a C$15B Energy Powerhouse
Veren Inc. VRN and Whitecap Resources Inc. have announced a transformative C$15 billion merger, creating Canada’s leading light oil and condensate producer with significant assets in Alberta’s Montney and Duvernay formations.
Veren downgraded to Tender from Buy at Desjardins
Desjardins downgraded Veren (VRN) to Tender from Buy with a price target of C$12.60, up from C$11, following its proposed merger with Whitecap ...
Veren (TSE:VRN) Given New C$9.75 Price Target at Royal Bank of Canada
Veren (TSE:VRN – Get Free Report) had its price target dropped by Royal Bank of Canada from C$10.00 to C$9.75 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an ...
Veren-Whitecap merger a 'match made in heaven,' Raymond James analyst says
The merger between Veren and Whitecap Resources is a match made in heaven and a long time in the making, Raymond James ...
Analysts Offer Insights on Energy Companies: Veren (VRN) and Whitecap Resources (OtherSPGYF)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Veren (VRN – Research Report) and Whitecap ...
WHITECAP RESOURCES AND VEREN TO COMBINE IN A $15 BILLION TRANSACTION TO CREATE A LEADING CANADIAN LIGHT OIL AND CONDENSATE PRODUCER
Whitecap Resources Inc. ("Whitecap") (TSX: WCP) and Veren Inc. ("Veren") (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer ...