Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement.
The combined company is expected to generate annual synergies of C$1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta, Canada, the statement said. Cenovus CEO Alex Pourbaix will serve as chief executive of the merged company with Jeff Hart, currently Husky’s finance chief, becoming chief financial officer.
Cenovus said the combined company will be the third largest Canadian oil and natural gas producer with production of 750,000 barrels of oil equivalent per day of low-cost oil and natural gas.
Jason Kenney will be taking the 900 million dollars he will save from cutting hospital support staff and give it to cenovus once they start slash in jobs Just watch. cdnpoli
So, the cenovus stock will be up or down?
More Chinese expansion into Alberta and her resources... trojanhorse alberta canada
Yoy reuters you going to go with that headline?
Thanks to jkenney for supplying the billions from Alberta.
When I first read this I thought it said “coronavirus energy”
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