EconomyCenovus strikes $4 billion deal to buy Athabasca and expand in Canada’s oil sands
Cenovus Energy said it will acquire Athabasca Oil in a C$5.7 billion ($4 billion) cash-and-stock transaction. The deal will expand Cenovus’s Alberta operations and reinforce its position as one of Canada’s largest oil sands producers.
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Reuters★★★☆☆2026-10-05 12:35Original
Cenovus strikes $4 billion deal to buy Athabasca and expand in Canada’s oil sands
Economy