Cenovus to buy Athabasca Oil at US$4 billion valuation
2 sources·Updated October 5, 2026
Covered by 2 sources
- CBC Business CA·3h 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·6h 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 →