Cenovus to buy Athabasca Oil at US$4 billion valuation
3 sources·Updated October 5, 2026
Cenovus Athabasca acquisition
Covered by 3 sources
- Global News Canada·10h agoCenovus Energy looks to grow as it signs $5.7B deal to buy Athabasca Oil
Athabasca Oil has 40,000 barrels per day of oilsands production currently, but Cenovus Energy sees the opportunity to ratchet that up to 115,000 by 2032.
Read at Global News Canada → - CBC Business CA·16h agoCenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion
Cenovus CEO Jon McKenzie says Athabasca's high-quality, long-life assets fit the company's portfolio and provide a clear opportunity to improve performance, grow production and create long-term shareholder value.
Read at CBC Business CA → - Financial Post·19h agoCenovus to buy Athabasca Oil at US$4 billion valuation
The cash and share takeover would add about 45,000 barrels of oil equivalent a day to Cenovus’s output
Read at Financial Post →
