TSX:HSE.PR.B - Post by User
Comment by
autofocus111on Nov 06, 2017 8:48pm
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Post# 26915486
RE:I think mgmt is planning something big
RE:I think mgmt is planning something bigNot huge, but maybe this?
>>>Cenovus Energy Inc. is expected to announce a deal shortly to sell its interest in a major Saskatchewan oil project just as surging crude prices rekindle industry interest in attractive energy properties......The Weyburn project, with a price tag estimated at $1-billion or more, is the last of four large assets Cenovus had earmarked for sale to reduce debt taken on to fund its acquisition earlier this year of ConocoPhillips Co.'s Alberta oil sands and natural gas assets.On Monday, GMP FirstEnergy analyst Michael Dunn speculated that Husky Energy Inc., with $2-billion of cash in hand and a strong balance sheet following its own asset sales, could also be in the running. A Husky spokesman declined to comment.
https://beta.theglobeandmail.com/report-on-business/streetwise/hot-oil-markets-ignite-speculation-around-cenovus-deal/article36852111/