Whitecap Resources, Veren shareholders approve $15B merger deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2025
0mins
Source: SeekingAlpha
Merger Approval: Whitecap Resources and Veren have received shareholder approval for their ~$15 billion merger, with 88.7% of Whitecap shareholders and 99.8% of Veren shareholders voting in favor.
Post-Merger Plans: The combined entity will operate under the Whitecap name, becoming the largest landholder in Alberta's Montney and Duvernay shale regions and the second-largest oil producer in Saskatchewan, targeting a total production of 370,000 barrels per day.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
