The Story
News Summary
- Tamarack Valley Energy and Headwater Exploration agreed to an all-stock C$10bn ($7.25bn) merger, creating a major Clearwater heavy oil producer with over 80,000 boepd production.
- Tamarack shareholders will hold 66.5% and Headwater 33.5% of the pro forma entity, targeting run-rate synergies exceeding C$50m annually.
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USDCAD price history
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