Athabasca Oil

TSX · Thermal and light oil · 2 desk pieces in archive

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Oil

Cenovus Agreed to Buy Athabasca Oil. Close Is Still December

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.

Oct 7, 2026

Oil

Athabasca Is Building Leismer to 40,000. Corner Still Waits on Alberta's Fiscal File

On July 29 Athabasca said Leismer is on track for about 31,000 barrels a day at year-end 2026 and 40,000 by the end of 2027. Corner Phase 1 is a $560 million, 15,000-barrel modular plant with first steam aimed at early 2029. Sanction waits on Alberta's new oil sands fiscal framework.

Aug 25, 2026

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