Issue 20 – The Spartan is Holding Back the Vermilion

On April 16, 2018 Vermilion Energy Inc. (TSX:VET) announced that they were buying Spartan Energy Corp (TSX:SPE) for C$1.40 billion. The deal was done at very attractive metrics. This will add 23,000 bbl/d of production, 480,000 net acres of land, 113.5 mmboe of 2P reserves and over 1000 locations. VET paid 4.9x P/CF which is very reasonable for light oil, and high netback assets.

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