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October 7, 2026
Cenovus said Monday it will acquire Athabasca Oil at $12 a share in cash and stock, with an implied enterprise value of $5.7 billion. The add is about 45,000 barrels of oil equivalent a day at Leismer and Corner. Close is December 2026. That is not MEG, and it is not 115,000 barrels a day today.
Emera, ATCO, and Canadian Utilities said Tuesday they signed a definitive merger of equals. Combined enterprise value is about $72 billion. The company will operate as Emera. Close is the third or fourth quarter of 2027. That is an agreement. It is not a close and not a rate-case win.
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