Cenovus to Acquire Athabasca Oil for C$12 Per Share
Deals·2 articles across 2 outlets·◆ Primary source
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Cenovus Energy Inc. agreed to buy Athabasca Oil Corp. for C$12 ($8.42) per share, the latest in a wave of consolidation as Canada’s government seeks to expand energy production.
This acquisition reflects ongoing trends in the Canadian energy sector, where companies are consolidating to enhance production capabilities amid government initiatives.
CenovusAthabasca Oil
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“Cenovus announces agreement to acquire Athabasca Oil Corporation”
SEC Filing — Cenovus announces agreement to acquire Athabasca Oil Corporation“Cenovus Energy Inc. agreed to buy Athabasca Oil Corp. for C$12 ($8.42) per share, the latest in a wave of consolidation as Canada’s government seeks to expand energy production.”
Bloomberg — Canada’s Cenovus to Buy Athabasca Oil for C$12 Per Share