Cenovus Energy (TSX:CVE) signed a definitive agreement to acquire Athabasca Oil Corporation in a C$5.7b transaction. The deal would expand Cenovus Energy’s oil sands footprint and increase exposure to thermal and Duvernay assets in Alberta. The transaction remains subject to shareholder and regulatory approvals before closing. Cenovus Energy’s C$5.7b Athabasca Oil acquisition is important, but it should not dominate your full view of the stock. Our analysis turns up 3 warning signs (1 major)…
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
