Article content
CALGARY – As oil prices rise, more Canadian oil and gas companies are striking deals to buy and sell their competitors and the frothy market has begun luring in foreign private equity players into the domestic oil patch.
Cenovus Energy Inc. president and CEO Alex Pourbaix said Tuesday that his company may look to resume asset sales that were paused in bear markets in previous years.
We apologize, but this video has failed to load.
Try refreshing your browser, or
Foreign buyers show fresh interest as asset sales resume in Canadian energy sector Back to video
He said Cenovus asked Husky’s management team to pause its planned sale of Husky’s retail fuel business last year during a period of low oil prices when the two companies were negotiating their $24-billion merger.