# Cenovus strikes $4 billion deal to buy Athabasca and expand in Canada’s oil sands

https://mins.news/en/item/86410

- Reuters, 2026-10-05 12:35 UTC
- Economy
- Original: https://www.reuters.com/business/energy/cenovus-buy-athabasca-oil-57-billion-cash-and-stock-deal-2026-10-05/?link_source=ta_bluesky_link&taid=6ac3997838d4b900014a0745

> 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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