The deal is the latest sign of consolidation in the energy industry following the collapse of oil prices.
Cenovus’ deal for Husky implies a transaction equity value for Husky of about C$3.8 billion and a transaction enterprise value of about C$10.2 billion, 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.
The writing is on the wall for these gas and oil companies. All they are doing is rearranging the chairs on the Titanic. They will be much smaller in the future. In my opinion Solar and Wind will be used in the home and electric for our cars.
They could have just moved those rocks and lade it straight.
What? Husky will be Cenovus now.
La ligne droite n'est pas toujours le chemin le plus court.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cenovus Energy to buy Husky Energy for C$24 billionCanadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at C$23.6 billion ($17.97 billion), inclusive of debt, the companies said in a joint statement on Sunday. When I first read this I thought it said “coronavirus energy”
Source: Reuters - 🏆 2. / 97 Read more »
Alternative energy stocks are on a tear and there's more upside ahead, says JPMorganNew for subscribers: Alternative energy stocks are on a tear and there's more upside ahead, says JPMorgan Check out CNBCPro today. Pro I buy that and Biden wants to sell another two trillion dollar plan to push for clean energy by mid 2030s Pro Why can’t the solar farms share space already sprawling, like parking lots and rooftops? Why take wild land? Jfc Pro Is JPMorgan shorting those stocks? Just asking
Source: CNBC - 🏆 12. / 72 Read more »
Mexico's president pushes back against U.S. lawmakers' energy policy complaintsMexican President Andres Manuel Lopez Obrador on Saturday pushed back against 43 U.S. lawmakers who this week complained in a letter to U.S. President Donald Trump that Mexico's energy policies were hurting U.S. companies. 🤦🏾♂️ Looks like he's going to do the Venezula dance with his people!
Source: Reuters - 🏆 2. / 97 Read more »
Biden’s Debate Remarks Inject Energy Issues Into 2020 RaceThe Democratic presidential nominee’s call to shift away over time from the oil industry has prompted some Democrats in oil-rich states to distance themselves from the remarks. Joe wants the US to be dependent on Saudi Oil Really fracked up his response. Drilled himself in the foot Wonder why...
Source: WSJ - 🏆 98. / 63 Read more »
Analysis: Biden win would lift Mexico-U.S. ties but energy is 'canary in the mine'A Joe Biden presidency would lower border tensions and raise pressure on Mexico to respect U.S. business interests as the two neighbors implement a trade deal designed to claw back jobs from China, officials and industry sources say. We need to start thinking outside the box. That is why I love Biden. And Biden MUST win this Nothing major changes on energy till 2050. By then everyone who’s working today will have transitioned into a better paying job in the energy field
Source: Reuters - 🏆 2. / 97 Read more »
Cenovus Energy to buy Husky Energy for C$24 billionCanadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at C$23.6 billion ($17.97 billion), inclusive of debt, the companies said in a joint statement on Sunday. When I first read this I thought it said “coronavirus energy”
Source: Reuters - 🏆 2. / 97 Read more »