CVE | Cenovus, Husky Energy in giant merger

Cenovus Energy has agreed to buy rival Husky Energy in an all-stock deal valued at C$3.8 billion (HK$22.34 billion) to create Canada’s No 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate.The combination, announced on Sunday, follows recent big deals…Standard HK

CVE | Cenovus Energy Inc. — Moody’s reviews Cenovus Energy’s ratings for upgrade

Moody’s Investors Service (Moody’s) placed the ratings of Cenovus Energy Inc.(Cenovus) on review for upgrade, including its Ba2 Corporate Family Rating, Ba2 senior unsecured notes rating and Not Prime commercial paper rating.The review of Cenovus’ ratings follows the announcement[1] that Cenovus and Husky Energy Inc.(Husky) have reached an agreement to merge in an all-stock transaction […]