Whitecap Resources Completes Merger with Veren, Boosts Production Outlook
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Whitecap Resources has completed its merger with Veren Inc., becoming the seventh largest oil and natural gas producer in Canada. This merger enhances production capabilities and expands its asset base, with plans to improve profitability and shareholder returns. Whitecap will sell non-strategic assets for $270 million to strengthen its balance sheet and has updated its 2025 production guidance. Analysts rate TSE:WCP stock as a Buy with a C$14.00 price target, highlighting its strong financial recovery and attractive valuation despite some profitability challenges.
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