Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Workers drive a vehicle past oil production facilities at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alberta, in this file photo. (TODD KOROL/REUTERS)
Workers drive a vehicle past oil production facilities at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alberta, in this file photo. (TODD KOROL/REUTERS)

Cenovus shares tumble after $17.7-billion ConocoPhillips deal Add to ...

Subscribers Only

Cenovus Energy Inc. shares tumbled a day after the company agreed to buy most of ConocoPhillips Co.’s oil sands assets in a $17.7-billion cash-and-stock deal.

Shares of the Calgary-based oil sands producer were down more than 13 per cent, falling to around $15.17 midday in Thursday’s session on the Toronto Stock Exchange.

Report Typo/Error

Follow on Twitter: @jeffalewis

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular