Acquiring Company
Cenovus Energy
Acquired Company
Athabasca Oil Corporation
CalgaryCalgaryEnergyOil And GasEnergyOil And GasDescription
Cenovus Energy Inc. has announced a definitive agreement to acquire Athabasca Oil Corporation for an implied enterprise value of $5.7 billion. The acquisition will involve cash and stock transactions, providing Athabasca shareholders various options for their shares. The deal is expected to close in December 2026, subject to relevant approvals.
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Frequently asked
Who acquired Athabasca Oil Corporation?
Athabasca Oil Corporation was acquired by Cenovus Energy, based in Calgary. The deal was reported on October 5, 2026. Cenovus Energy Inc. is a Canadian integrated oil company based in Calgary. The company focuses on oil sands projects and conventional oil and gas production. Cenovus Energy is publicly traded (CVE) and operates in Energy.
When did Cenovus Energy acquire Athabasca Oil Corporation?
Cenovus Energy's acquisition of Athabasca Oil Corporation was reported on October 5, 2026. Cenovus Energy Inc. has announced a definitive agreement to acquire Athabasca Oil Corporation for an implied enterprise value of $5.7 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Athabasca Oil Corporation do?
Athabasca Oil Corporation is a Canadian company based in Calgary, Alberta. The company is listed on the Toronto Stock Exchange under the symbol ATH. It is privately held, operating in Energy, and is based in Calgary.
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