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Home / Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

Posted on October 26, 2020October 26, 2020 by admin

The all-shares deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.
Source: ctv business
Cenovus shares plummet on news of its .8-billion deal to buy oilsands rival

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