Reported 2 days ago
Vermilion Energy has announced the sale of its U.S. assets for C$120 million ($87.88 million) as part of their exit from the U.S. market. The Canadian gas producer plans to use the proceeds to pay down debt and refocus on its core assets in Canada and Europe. The transaction is expected to close in the third quarter, allowing Vermilion to adjust its production forecast and capital budget for upcoming years.
Source: YAHOO