Crescent Point Energy to buy Hammerhead Energy in $1.86 bln deal

Veren

06/11/2023 21:21

Nov 6 (Reuters) - Canada's Crescent Point Energy
 CPG.TO  said on Monday it would acquire Hammerhead Energy
 HHRS.TO  in a deal valued at C$2.55 billion ($1.86 billion) to
boost its presence in Montney shale in Alberta.

($1 = 1.3699 Canadian dollars)

 (Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi
Majumdar)
 ((Sourasis.Bose@thomsonreuters.com;))