One Oilsands Major Sells Off N.L. Offshore Assets, Another Bulks up Alberta Holdings

One oilsands major sells off N.L. offshore assets, another bulks up Alberta holdings

Two of Canada’s biggest energy companies have announced portfolio changes at a time when a brightening mood appears to be taking root in Alberta’s oilpatch. Cenovus Energy Inc. is growing its oilsands footprint with a $5.7-billion deal to buy up smaller peer Athabasca Oil Corp., while Suncor Energy Inc. is selling offshore assets in Atlantic […]

One Oilsands Major Sells of NL Offshore Assets, Another Bulks up Alberta Holdings

One of Canada’s biggest energy companies is selling offshore assets in Atlantic Canada as it focuses on its oilsands holdings, while another is buying up a smaller peer to grow its own footprint in northern Alberta. The announcements from Suncor Energy Inc. and Cenovus Energy Inc. come days after a proposed million-barrel-a-day pipeline to the West Coast was deemed the first national-interest project under federal legislation passed last year. …

Cenovus buys Athabasca Oil for $5.7 billion, Suncor sells offshore stakes as producers double down on oilsands

Two of Canada's biggest oilsands producers, Cenovus and Suncor, tightened their grip on northern Alberta in back-to-back deals. Keep reading

Suncor sells of N.L. offshore assets, other oilsands giant bulks up Alberta holdings

Suncor is selling offshore assets in Atlantic Canada as it focuses on its oilsands holdings, while Cenovus is buying a smaller peer to grow its own footprint in northern Alberta.