The process to divest of CVE’s four legacy properties is nearly finished, as CVE announced a $940 mm transaction for Weyburn. The $940 mm figure is roughly in line with the $1.0 billion figure we were using in our modeling assumptions, which we suspect is similar to Street consensus expectations.
14 Nov 2017
FLASH: Weyburn fetches $940 mm
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FLASH: Weyburn fetches $940 mm
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
14 Nov 2017 -
Author:
Michael P. Dunn -
Pages:
2
The process to divest of CVE’s four legacy properties is nearly finished, as CVE announced a $940 mm transaction for Weyburn. The $940 mm figure is roughly in line with the $1.0 billion figure we were using in our modeling assumptions, which we suspect is similar to Street consensus expectations.