Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

CTV News

26 Oct 2020 0 shares 1 views

Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

CTV News

Published 26 Oct 2020

The all-shares deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.

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Cenovus Buys Husky To Create New Canadian Oil Giant

OilPrice.com 26 Oct 2020

Cenovus and Husky Energy have struck a deal to combine their businesses in an all-stock transaction worth US$17.92 billion (C$23.6..

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Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

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