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Varcoe: With U.S. tariffs and oil price swings, $15B Whitecap
Whitecap Resources and Veren Energy are merging in a $15 billion all-stock deal to create Canada's seventh-largest petroleum producer. The merger aims to build a more resilient company better able to withstand U.S. tariffs and oil price volatility. The combined entity, operating under the Whitecap banner and led by Whitecap's CEO, will be the largest petroleum producer in the Kaybob Duvernay and Alberta Montney regions.
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