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Cenovus sells Marten Hills royalty interest for more than $100 million Cenovus Energy Inc. has sold its gross overriding royalty in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today with a May 1, 2021 effective date. Cenovus will use the sale proceeds to reduce net debt, consistent with its commitment to use non-core asset sales to accelerate deleveraging to achieve the company’s interim net debt target … Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The sale successfully closed today with a May 1, 2021 effective date. Cenovus will use the sale proceeds to reduce net debt, consistent with its commitment to use non-core asset sales to accelerate deleveraging to achieve the company’s interim net debt target of $10 billion. ....
CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of . . . ....
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Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover thompsoncitizen.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thompsoncitizen.net Daily Mail and Mail on Sunday newspapers.
Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover humboldtjournal.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from humboldtjournal.ca Daily Mail and Mail on Sunday newspapers.