Cenovus Energy Expands with Athabasca Oil Purchase

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By Olivia Martinez • Updated Oct 5, 2026 at 16:50

Cenovus strikes $5.7B deal for Athabasca to expand in Canada's oilsands - CTV News — Cenovus Energy Expands with Athabasca Oil Purchase

Cenovus Energy has agreed to acquire Athabasca Oil for $5.7 billion. The acquisition will strengthen Cenovus's energy strength and operational efficiency. National Bank has set a target of CAD 60.00 for Cenovus Energy stock. The deal is expected to enhance investor sentiment and expand Cenovus's operations in Canada's oilsands.

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