TSX:CVEOil and Gas
How Cenovus’s Asset Sale Plans and Dividend Aristocrat Status At Cenovus Energy (TSX:CVE) Has Changed Its Investment Story
Cenovus Energy Inc. was added to the S&P/TSX Canadian Dividend Aristocrats Index and is weighing a potential sale of its Deep Basin conventional oil and gas assets, reportedly valued at about C$3.00 billion, to help reduce debt after acquiring MEG Energy in November 2025.
The possible divestment underlines Cenovus’s effort to concentrate on its core oil sands operations while reinforcing its balance sheet following the MEG deal.
We’ll now examine how Cenovus’s consideration of selling Deep...