Canada/Economy/Oil and Gas Deals Reshape Canada's Energy Sector

Oil and Gas Deals Reshape Canada's Energy Sector

Oct 5, 20266 sources

Summary

In Canada in October 2026, Cenovus agreed to buy Athabasca Oil for C$12 per share, while Ithaca Energy agreed to buy offshore Canada oil assets from Suncor Energy for up to $1.1 billion. Suncor will sell its offshore Canada oil stakes to Ithaca for $842 million. These deals reshape ownership in Canada's oil and gas sector.

by WorldBrief & Maksim Micheliov | AI-generated summary

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Oil and Gas Deals Reshape Canada's Energy Sector

Summary

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