TSX:CVEOil and Gas
Cenovus Considers Alberta Asset Sale To Refocus Portfolio After MEG Deal
Cenovus Energy (TSX:CVE) is examining a sale of a multi billion dollar portfolio of conventional oil and gas assets in Alberta.
The potential divestment follows its acquisition of MEG Energy as the company looks to reduce debt.
The assets under review are centered on conventional production, separate from Cenovus's oil sands core.
Cenovus Energy, a major Canadian producer focused on oil sands and related upstream and downstream operations, now has a larger footprint after the MEG Energy...