Provident Energy Trust (PVX), Monday said it has completed the previously announced sale of its oil and natural gas assets in the Lloydminster area to Emerge Oil & Gas Inc. for total consideration of C$85 million, including closing adjustments. The sale proceeds are comprised of C$68 million in cash and C$17 million in equity. After application of cash proceeds from this sale, Provident will have about C$285 million drawn against its revolving term credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.