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Cenovus Husky transaction

Cenovus and Husky transaction

On January 1, 2021 Cenovus Energy acquired Husky Energy. The combined company is the third largest Canadian oil and natural gas producer and the second largest Canadian-based refiner and upgrader.

The company will operate as Cenovus Energy and remain headquartered in Calgary, Alberta. Operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Downstream operations include upgrading, refining and marketing operations in Canada and the Unites States.

Please review the information on this page regularly to stay up to date on the transaction.

Christina Lake

“We will be a leaner, stronger and more integrated company, exceptionally well-suited to weather the current environment and be a strong Canadian energy leader in the years ahead. The diverse portfolio will enable us to deliver stable cash flow through price cycles, while focusing capital on the highest-return assets and opportunities. The combined company will also have an efficient cost structure and ample liquidity. All of this supports strong credit metrics, accelerated deleveraging and an enhanced ability for return of capital to shareholders.”

Alex Pourbaix
President & Chief Executive Officer

Transaction updates