Ithaca Energy rises on plans to buy Suncor's Canadian offshore assets
05/10/2026 08:24
BUZZ-Ithaca Energy rises on plans to buy Suncor's Canadian offshore assets ** Shares of Ithaca Energy ITH.L up 3% at 284 pence, top gainer on London's FTSE 100 .FTSE
** Oil and gas producer to acquire Suncor Energy 's SU.TO offshore Canadian assets for $860 million and potential oil price related contingent consideration of up to $250 million
** Co expects deal to grow 2P Production to 35-40 kboe/d by 2029
** Up to Friday's close, stock had risen above 66%, compared with a 5.34% YTD increase in FTSE 100
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))