Cenovus reaches agreement to sell Pelican Lake assets for approximately $1 billionCenovus Energy Inc. • September 5th, 2017 • Crude petroleum & natural gas
Calgary, Alberta (September 5, 2017) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern Alberta, for gross cash proceeds of $975 million. The sale is expected to close on or before September 30, 2017, subject to normal closing conditions.
