Cenovus Energy to Acquire Athabasca Oil in $5.7 Billion Deal
Cenovus Energy (TSX: CVE) (NYSE: CVE) has agreed to acquire Athabasca Oil Corporation (TSX: ATH) in a cash-and-stock transaction with an implied enterprise value of $5.7 billion, adding a neighbouring thermal producer to its core oil sands business. Athabasca shareholders will receive $12.00 per share. They can take it as $12.00 in cash, 0.264 of […]
Cenovus To Buy Athabasca Oil For $5.7B, Take Full Duvernay Control
Cenovus Energy (TSX: CVE) is spending up to $4.3 billion in cash to turn an existing partnership with Athabasca Oil Corporation into full ownership, adding long-life oil sands production while temporarily moving leverage above its stated $4 billion net debt target. The companies announced Monday that Cenovus will acquire Athabasca for $12.00 per share in […]
Suncor Offloads $1.9 Billion in Offshore Obligations in Sale to Ithaca Energy
The sale is expected to close in early 2027, subject to regulatory approvals and partner consents.
OPEC+ Skips Second Straight Output Increase While Brent Tops $100
The G7 plans to release up to 100 million barrels from emergency stocks, and Gulf exports are recovering. OPEC+ is holding quotas while the Iran war limits real supply.
Sponsored · Selkirk Copper Mines
Saudi-Backed Yemeni Forces Open Push to Seize All Houthi-Held Areas
The offensive follows a September Houthi push that took Yemen’s Red Sea coast and the Bab el-Mandeb Strait, and it ends a de facto ceasefire that held about four years.
Russian Plague Lab Worker Dies After Reported Broken Test Tube, Nearly 200 Isolated
Local media say the 28-year-old broke a test tube of live plague bacteria, but health officials describe pneumonia with no known cause and call the regional situation stable.
Simon Andriesz, Banker Who Accused Lutnick of Undisclosed Epstein Ties, Dies at 57
The British banker told the FBI years ago that the US Commerce Secretary had undisclosed business ties to Jeffrey Epstein.
Brazil Runoff Set for October 25 as Flávio Bolsonaro Finishes Ahead of Lula
The younger Bolsonaro beat Datafolha’s final margin by about five points, and he and President Lula now enter a runoff shaped by crime, living costs and relations with Washington.
Sponsored · Selkirk Copper Mines
Everybody Should Own Gold | George Bee – U.S. Gold Corp.
At The Precious Metals Summit Beaver Creek, we sat down with George Bee, President and CEO of U.S. Gold Corp. (NASDAQ: USAU), to discuss the shortage of new gold projects ready for development and the company’s fully permitted CK Gold project in Wyoming. With construction permits secured, the next major step is completing the financing […]
A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources
At The Precious Metals Summit Beaver Creek, we sat down with John-Mark Staude, President and CEO of Riverside Resources Inc. (TSXV: RRI), to discuss how a company with an approximate $40 million market capitalization has created more than $2 billion in combined value through its mining spinouts over the past 20 years. John-Mark explains Riverside’s […]