Cenovus Energy Buys Athabasca Oil

Home / Cenovus Energy Buys Athabasca Oil...

By Daniel Taylor • Updated Oct 5, 2026 at 16:50

Cenovus strikes $5.7B deal for Athabasca to expand in Canada's oilsands - CTV News — Cenovus Energy Buys Athabasca Oil

Cenovus Energy has agreed to buy Athabasca Oil for $5.7 billion. The acquisition will boost Cenovus's energy strength and operational efficiency. National Bank has set a target of CAD 60.00 for Cenovus Energy stock. The deal is expected to improve investor sentiment and expand Cenovus's operations in Canada's oilsands.

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