BUZZ - Ithaca Energy's stock rises due to plans to acquire Suncor's Canadian offshore assets
路透社2026/10/05 07:31October 5th - ** Ithaca Energy (ITH.L) shares rose 3% to £2.84, making it the top gainer on the London FTSE 100 Index (.FTSE) ** The oil and natural gas producer will acquire Suncor Energy's (SU.TO) Canadian offshore assets for $860 million, with a potential contingent consideration of up to $250 million depending on oil prices ** The company expects the deal to increase its 2P production to 35,000-40,000 barrels of oil equivalent per day by 2029 ** As of Friday's close, the company's stock price had risen by over 66%, compared to just 5.34% so far this year for the FTSE 100 Index. (To facilitate non-English speakers, Reuters has automated its reports into several other languages. Due to possible errors in automated translation or lack of desired context, Reuters does not guarantee the accuracy of automated translation texts, which are provided for reader convenience only. Reuters assumes no responsibility for any harm or loss caused by the use of automated translation features.)
October 5 - ** Ithaca Energy ITH.L shares rose 3% to £2.84, making it the biggest gainer on the London FTSE 100 Index .FTSE
This oil and gas producer will acquire Suncor Energy's SU.TO Canadian offshore assets for $860 million and may pay up to an additional $250 million contingent payment depending on oil prices
** The company expects the deal to increase its 2P production to 35,000-40,000 barrels of oil equivalent per day by 2029
** As of Friday’s close, the company’s share price had already risen more than 66%, while the FTSE 100 Index has only gained 5.34% so far this year
(To facilitate non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translation may contain errors or fail to capture the intended context, Reuters does not guarantee the accuracy of the automated translation. The translations are provided for the convenience of readers only. Reuters accepts no responsibility for any damage or loss arising from the use of the automated translation tool.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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