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Cenovus Energy Acquires Athabasca Oil in C$5.7 Billion Mega-Deal

Cenovus Energy Acquires Athabasca Oil in C$5.7 Billion Mega-Deal

Alberta’s McMurray fairway is witnessing another massive consolidation as Cenovus Energy Inc. (TSX: CVE; NYSE: CVE) officially signed a definitive agreement to absorb Athabasca Oil Corporation (TSX: ATH). Valued at C$5.7 billion (roughly US$4 billion), the cash-and-stock buyout cements the energy giant’s position across the high-yield thermal oil sands landscape.

1 minOct 6, 2026By Editorial Team (ET)

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