Purchase will double its reserves and output and make it the third largest oil-sands producer
Fri, Mar 31, 2017 - 5:50 AM
New York
CENOVUS Energy Inc will double its reserves and production by buying Canadian holdings from ConocoPhillips for C$17.7 billion (S$18.5 billion), the latest sale of energy assets in that country by international companies stung by falling oil prices.
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