Cenovus Energy To Acquire Athabasca Oil Corporation For $12/Share In Cash And Stock At An Implied EV Of $5.7B
Transaction HighlightsClear strategic fit with Cenovus’s core oil sands business – Adds approximately 45 thousand barrels of oil equivalent per day (MBOE/d)1, including thermal production proximal to Cenovus’s Christina
Cenovus is buying another oil company for $5.7 billion. This adds more oil production next to their current business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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