Under the agreement for the privately held company, Tamarack will pay $825 million in cash, $300 million in the form of a deferred acquisition payment and $300 million in equity comprised of about 80 million Tamarack shares.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
In conjunction with the acquisition, Tamarack also says it will increase its monthly dividend by 25 per cent. The company says it will pay 1.25 cents per share, up from a penny per share, starting with its November dividend, payable in December.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tamarack Valley Energy to buy Deltastream for $1.425 billionTamarack Valley Energy Ltd. has signed a deal to buy Deltastream Energy Corp. for $1.425 billion. Read on for details electricis forever. oil will all go bck d33p under soon enough. no hurry. cheers!
Source: nationalpost - 🏆 10. / 80 Read more »
Tamarack Valley Energy to buy Deltastream for $1.425 billionTamarack Valley Energy Ltd. has signed a deal to buy Deltastream Energy Corp. for $1.425 billion. Read on for details
Source: fpinvesting - 🏆 43. / 63 Read more »
Tamarack Valley Energy buying Deltastream for $1.43B, plans dividend hike - BNN BloombergTamarack Valley Energy Ltd. announced it’s buying Deltastream Energy Corp. to expand its reach in Alberta’s Clearwater oil play.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Landlocked: A Global News series exploring Canada’s energy dilemma | Globalnews.caGlobal News’ new series – Landlocked: Canada’s energy dilemma – will explore in-depth the challenges surrounding Canada's energy sector, and it's impact on Europe's energy crisis. Thanks to the useless left and their insane alliance with the climate cult.
Source: GlobalNational - 🏆 81. / 51 Read more »
French consumers to absorb ‘contained rise’ in energy prices, finance minister saysFrench Finance Minister Bruno Le Maire said on Monday that households will need to absorb a ‘small part’ of the increased energy costs themselves Bout to get hosed... 😬
Source: globeandmail - 🏆 5. / 92 Read more »
Varcoe: As European energy crisis escalates, growing disruption confronts a bumpy transitionThe situation serves as a painful reminder that energy security — including access to affordable supplies — is essential
Source: calgaryherald - 🏆 64. / 52 Read more »