Ithaca Energy's shares rose over 3% following Peel Hunt's support for its $860 million acquisition of Canadian offshore oil and gas assets from Suncor. The deal adds significant reserves and production capacity, including interests in Terra Nova and White Rose fields, boosting medium-term output forecasts. Production is expected to reach up to 40,000 barrels per day by 2029, with the acquisition immediately enhancing earnings, cash flow, and dividends. Completion is targeted for the first half of 2027, pending approvals.
Ithaca Energy shares are noted here with Pluang's Energy sector data as context. For readers following Energy stocks, 14 of 38 US stocks rose and 18 fell today. Notable movers include INDO at USD 2.69 (+0.75%), XOM at USD 162.81 (-0.73%), and FSLR at USD 175.81 (+0.69%), as of Oct 05, 2026 14:41 WIB.
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