Cenovus Energy to Acquire Athabasca Oil for Premium
Cenovus Energy is paying a premium for Athabasca Oil, a price TD Cowen analyst Menno Hulshof believes is justified by "growth, resource depth and synergy potential."
Cenovus Energy is paying a higher price for Athabasca Oil, but TD Cowen’s Menno Hulshof said the cost of scaling up is likely justified. " Hulshof said the transaction consolidates scala…