Veren Inc. Delisted from TSX Amidst Strategic Combination with Whitecap Resources Inc.

On May 13, 2025, Veren Inc. was officially delisted from the Toronto Stock Exchange (TSX). This development follows the successful completion of a strategic combination with Whitecap Resources Inc., which was announced on May 12, 2025. The merger has positioned the newly formed entity as a leading Canadian oil and natural gas producer.

Strategic Combination Details

Whitecap Resources Inc. announced the closure of its strategic combination with Veren Inc. on May 12, 2025. This merger has resulted in the creation of the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. The combination is expected to enhance operational efficiencies and expand the resource base of the combined entity.

Impact on Production Guidance

Following the merger, Whitecap Resources Inc. has increased its production guidance, reflecting the anticipated benefits of the combination. The integration of Veren Inc.’s assets and operations is expected to contribute significantly to the overall production capacity of the company.

Financial Overview of Veren Inc.

Prior to the delisting, Veren Inc. was listed on the Toronto Stock Exchange with a close price of 8.4 CAD on May 8, 2025. The company’s 52-week high was recorded at 12 CAD on May 20, 2024, while the 52-week low was 6.34 CAD on December 19, 2024. Veren Inc. had a market capitalization of 5 billion CAD and a price-to-earnings ratio of 17.72.

Conclusion

The delisting of Veren Inc. from the TSX marks a significant transition as the company integrates with Whitecap Resources Inc. The strategic combination is expected to strengthen the position of the newly formed entity in the Canadian oil and natural gas sector, with increased production capabilities and a more robust resource portfolio.