Cenovus Energy Inc. agrees to buy ConocoPhillips’ Canadian assets worth $17.7 billion
CALGARY, AB – Cenovus Energy Inc. announced today that they will be purchasing ConocoPhillips’ 50% interest in the FCCL Partnership, the companies’ jointly owned oil sands venture operated by Cenovus. The reported deal is worth $17.7 billion which includes $14.1 billion in cash and 208 million Cenovus common shares. The company says the transaction is […]
