Calgary-based Whitecap Resources Inc. and Veren Inc. will join forces to become the seventh-largest Canadian oil company and a leading light oil and condensate producer by production in the Montney and Duvernay shale regions. The $15 billion all-share deal, inclusive of net debt, has received shareholder approval from both companies. While 99.8 percent of Veren shareholders were in favour of the deal, 88.7 percent of Whitecap investors were on board. As outlined in the deal, Veren shareholders will receive 1.05 common shares of Whitecap for...

Suncor Energy Inc. reported its strongest ever first quarter production, breaking records for refining and refined product sales performance with upstream production of 853,000 barrels of oil per day, 483,000 barrels per day refining throughput, and 605,000 barrels per day refined product sales. The company’s net earnings for the first quarter of 2025 were $1.69 billion, up from $1.61 billion during the same period the previous year, resulting in $1.36 per share over $1.25 per share. Gross revenues were $13.33 billion, compared to $13.31...

U.S. trading platform Robinhood will acquire Canada’s WonderFi Technologies Inc. for $250 million (CAD), the latest cryptocurrency company to be acquired in its cross-border expansion efforts. Robinhood has agreed to purchase all issued and outstanding common shares of the owner and operator of digital asset trading platforms for $0.36 CAD apiece in an all-cash deal, which is a 41 percent premium on the closing price of the shares on the Toronto Stock Exchange the day before the announcement. WonderFi’s 115-person team will join Robinhood...