GgoogleCA first seen 14 h ago, last 11 h ago, peak #1
Cenovus Energy to buy Athabasca Oil in $5.7 billion deal
Original: cenovus
Cenovus Energy has signed an agreement to acquire Athabasca Oil in a deal valued at $5.7 billion CAD, with the Financial Post citing a US$4 billion valuation for the target. Canadian outlets including CBC, the Toronto Star and the Financial Post carried the announcement. The acquisition continues consolidation among Canadian oil sands producers, with analysts also watching Cenovus's stated focus on efficiency and synergies from its operations.
Why now: Cenovus's announcement of a major acquisition of Athabasca Oil is major news for Canada's energy sector.
Cenovus EnergyAthabasca OilTSX
Rank over time, top of the chart is #1. 15 snapshots from 14 h ago to 11 h ago.
Evidence
- Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion · CBC
- Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion · The Spec
- Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion · Toronto Star
- Cenovus to buy Athabasca Oil at US$4 billion valuation · Financial Post
- How Is Cenovus Energy (TSX:CVE) Targeting Efficiency And Synergies? · Kalkine Media
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