Athabasca Oil Corporation announced it has entered into transaction agreements to create Duvernay Energy Corporation with Cenovus Energy Inc. Duvernay Energy will be a standalone self-funded entity that will drive strong, high netback cash flow and production growth and is expected to unlock significant value. In conjunction with the Transaction, Mr. Robert Broen, President and CEO of Athabasca Oil Corporation, will also assume the role of Chairman, President and CEO of Duvernay Energy. The Board of Duvernay Energy will consist of Mr. Rob Broen, Mr. Matt Taylor, Chief Financial Officer of Athabasca, Mr. Cam Danyluk, General Counsel and Vice President Corporate Development Athabasca, and Mr. Jeff Lawson, Senior Vice-President Corporate Development, Cenovus.
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Other stock markets
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5-day change | 1st Jan Change | ||
27.45 CAD | -0.36% | -3.68% | +24.32% |
05-02 | Cenovus Energy's Price Target Lifted to C$33 from C$32 by RBC Capital Markets | MT |
05-02 | RBC Raises Price Target on Cenovus Energy to CA$33 From CA$32, Keeps Outperform Rating | MT |
Stocks mentioned in the article
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5d. change
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Capi.
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27.45 CAD | -0.36% | -3.68% | 37.48B | ||
4.87 CAD | +0.62% | +0.83% | 2.01B | ||
EPS Revisions
1st Jan change | Capi. | |
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+24.32% | 37.48B | |
-10.00% | 1,890B | |
+18.60% | 468B | |
+44.77% | 242B | |
+9.00% | 232B | |
+8.04% | 170B | |
+3.11% | 99.31B | |
-7.79% | 81.69B | |
-3.79% | 52.46B | |
+26.24% | 50.66B |
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- News Cenovus Energy Inc.
- Athabasca Oil Corporation Provides Executive Update for Duvernay Energy Corporation