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Athabasca Oil Corporation
2 posts
Athabasca Oil (TSX: ATH) trades above C$12 deal as approvals become the next test
Athabasca Oil jumped after Cenovus Energy agreed to acquire the company at C$12 per share in cash and stock, but proration, Cenovus share exposure and deal completion now matter more than standalone valuation.
Cenovus Energy expands oil sands empire with C$5.7 bn Athabasca Oil acquisition
Cenovus is buying Athabasca Oil in a C$5.7 billion deal. Find out why the oil sands acquisition sent the two companies’ shares in opposite directions.