Cenovus weighs $3 billion Alberta sale to cut post-MEG debt [Wealth Professional (Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Wealth Professional
Cenovus Energy may unload up to $3bn of Deep Basin assets as it hunts for ways to bring down a swollen debt load from its takeover of MEG Energy, according to an exclusive by Reuters The Canadian producer has sounded out potential buyers in recent weeks for conventional oil and gas properties in Alberta's Deep Basin, Reuters reported, citing two unnamed sources familiar with the talks. The review is still at an early stage and Cenovus could choose to keep the assets, the sources said. They requested anonymity because they were discussing confidential details, and Cenovus did not immediately respond to a request for comment. Cenovus wants to sharpen its focus on its core oil sands business after its US$8.5bn acquisition of MEG Energy in November, when it gained the smaller rival's coveted Christina Lake project following a bitter takeover battle with Adam Waterous' Strathcona Resources. The company said last month it plans to invest up to $3.6bn in its oil sands business thi
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- Cenovus Energy (NYSE:CVE) (TSE:CVE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Cenovus Energy (CVE) Laps the Stock Market: Here's Why [Yahoo! Finance Canada]Yahoo! Finance Canada
- Looking At The Evolving Narrative For Cenovus Energy (TSX:CVE) After Analyst Price Target Reset [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alberta moves ahead with direct bitumen sales plan [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CVE
Earnings
- 10/31/25 - Beat
CVE
Sec Filings
- 1/5/26 - Form 25-NSE
- 12/11/25 - Form 6-K
- 12/1/25 - Form 6-K
- CVE's page on the SEC website