Vermilion Energy (VET.TO,VET) has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of C$415 million. Net proceeds from the transaction will be directed towards debt repayment. The company expects to exit 2025 with net debt of C$1.5 billion, with a trailing net debt to FFO ratio of 1.4 times.
Vermilion expects full year 2025 production to average between 120,000 to 125,000 boe/d with capital expenditures in the range of C$680 to C$710 million, reflecting an approximately C$50 million reduction associated with the divested assets post-closing.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.