Vermilion Energy Will Carry A High Debt Load for Westbrick Energy Acquisition -- Market Talk

Dow Jones2024-12-25

13:33 ET--Vermilion Energy's acquisition of Westbrick Energy is accretive but puts a significant strain on the company's debt levels. National Bank of Canada's Travis Wood notes that net debt expands toward C$2 billion, leaving only marginal operating opportunities to reduce levels below C$1 billion again. He adds that absolute debt and debt cap are key performance metrics, and that he expects the company to prioritize debt repayment going forward. "Hope is not a strategy, so we are reluctant to use higher prices as a primary driver for debt reduction and will look for Vermilion to actively divest of noncore assets next year," he adds. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

December 24, 2024 13:34 ET (18:34 GMT)

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He adds that absolute debt and debt cap are key performance metrics, and that he expects the company to prioritize debt repayment going forward. \"Hope is not a strategy, so we are reluctant to use higher prices as a primary driver for debt reduction and will look for Vermilion to actively divest of noncore assets next year,\" he adds. 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National Bank of Canada's Travis Wood notes that net debt expands ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2494303800","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494303800","pubTimestamp":1735065240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"13:33 ET--Vermilion Energy's acquisition of Westbrick Energy is accretive but puts a significant strain on the company's debt levels. 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