Orlando, FL 1/4/12 (StreetBeat) - www.InvestorIdeas.com, an investor stock research portal focusing on sector research including energy stocks issues a TSX energy stock investor alert for Vero Energy Inc. (TSX: VRO.TO). The stock is trading up at $2.60, up 0.52 (25.00%) on over 4 million shares on news that it is selling natural gas assets for $209 million.Vero Energy Inc. (TSX:VRO.TO) announced today that it has entered into an asset purchase and sale agreement (the "Agreement") for the divestiture of certain natural gas assets (the "Disposition Assets") of the Company to a private oil and gas company (the "Purchaser") for gross proceeds of $209 million, subject to closing adjustments (the "Transaction"). Closing of the Transaction is anticipated to occur on or about January 31, 2012 and is subject to customary conditions for an asset divestiture of this nature.
The Disposition Assets are primarily focused in the deep basin region of West Central Alberta and include related facilities but excludes zones from surface to base Cardium, which represent estimated average daily production of 7,296 boe/d (86% Natural Gas) during the fourth quarter of 2011 and 26.5 mmboe of proved plus probable reserves at December 31, 2010.
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Get Free investor news and stock alerts
Sign Up: http://www.investorideas.com/Resources/Newsletter.asp
Join Investor Ideas Get 13 of the best stock directories online;
Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks (over 1300 green stocks in directory) and more
Join: http://www.investorideas.com/membership/
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
800-665-0411 - Source – www.Investorideas.com
StreetBeat Disclaimer
No comments:
Post a Comment