Proactive Investors
05 Oct 2026, 07:29 UTC · 1h ago
Ithaca Energy unveils $860m oil aquisition in Canada
Impact · against what's priced in
Ithaca Energy's acquisition of Suncor's Canadian offshore assets is a significant growth catalyst, adding 103 million boe of 2P reserves and raising medium-term production targets to 140k-150k boe/d. The deal is expected to be immediately accretive to cash flow and dividends starting in H1 2027.
- ITH+0.70
No priced-in read yet
- In context
The US$860 million acquisition increases medium-term production outlook to 140,000-150,000 boe/d and is expected to be immediately accretive to adjusted EBITDAX and dividends.
Read from the article alone
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