Late in the trading day yesterday it was reported that Cenovus was in talks with the Ontario Teachers' Pension Plan regarding the sale of its royalty lands, with a transaction price range of $2.5-$3.0 billion cited. Cenovus shares rallied in the last twenty minutes of trading from ~$20.90/share to close at $21.51/share.

19 Jun 2015
MEDIA REPORTS IN TALKS WITH OTPP ON $2.5-$3.0 BILLION ROYALTY LANDS TRANSACTION

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MEDIA REPORTS IN TALKS WITH OTPP ON $2.5-$3.0 BILLION ROYALTY LANDS TRANSACTION
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
19 Jun 2015 -
Author:
Michael P. Dunn -
Pages:
3 -
Late in the trading day yesterday it was reported that Cenovus was in talks with the Ontario Teachers' Pension Plan regarding the sale of its royalty lands, with a transaction price range of $2.5-$3.0 billion cited. Cenovus shares rallied in the last twenty minutes of trading from ~$20.90/share to close at $21.51/share.