Cenovus Energy (CVE): Agrees to buy Athabasca Oil for C$5.7B in cash and stock

By Centiview Research•Published 11 Oct 2026, 18:25 UTC•1 min read

Cenovus agreed to buy Athabasca Oil at an implied C$5.7B enterprise value: C$12 cash or 0.264 Cenovus shares per share, cash capped at 75%. It adds ~45,000 boe/d beside its oil sands sites, with ~C$85M a year of synergies. Close targeted for December.

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