Jon McKenzie

President and Chief Executive Officer, Cenovus Energy

Appears in 1 story

Last updated Oct 26, 2026

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Cenovus agrees to acquire Athabasca Oil in $5.7 billion deal

Money Moves

Leading the acquisition

Cenovus Energy agreed on October 5 to buy Athabasca Oil in a cash-and-stock deal valued at $5.7 billion. The $12.00-a-share offer was about 13.4% above Athabasca's previous close, according to Reuters.

Updated Oct 26