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Stock impact report

Cenovus Energy (CVE) Considers Selling Conventional Assets in Alberta [Yahoo! Finance]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Company Research Source: Yahoo! Finance
Cenovus Energy Inc. (NYSE:CVE) is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining, and marketing operations in Canada and the United States. A Reuters report on January 21 revealed that Cenovus Energy Inc. (NYSE:CVE) is considering divesting its conventional oil and gas assets in the Deep Basin of Alberta, as the company looks to reduce debt following its C$8.5 billion acquisition of MEG Energy in November 2025. Cenovus has recently contacted potential buyers to gauge interest in the assets, which are expected to sell for approximately C$3 billion ($2.17 billion). However, the plans are not final yet, and the company may ultimately decide to retain the said assets. The strategic move comes as Cenovus Energy Inc. (NYSE:CVE) sharpens its focus on its core oil sands business, especially after its takeover of MEG, which added the highly coveted Christina Lake project to its portfolio. Last mont Show less Read more
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