Cenovus announces agreement to acquire Athabasca Oil Corporation

CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation (TSX: ATH) (“Athabasca”) in a cash and stock transaction with an implied enterprise value of $5.7 billion. Transaction Highlights Clear strategic fit with Cenovus’s […]