M&A Deal Summary

Cenovus Energy Acquires Husky Energy

On October 25, 2020, Cenovus Energy acquired oil/gas exploration company Husky Energy

Acquisition Highlights
  • This is Cenovus Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Cenovus Energy’s 1st transaction in Canada.
  • This is Cenovus Energy’s 1st transaction in Alberta.

M&A Deal Summary
Date 2020-10-25
Target Husky Energy
Sector Oil/Gas Exploration
Buyer(s) Cenovus Energy
Deal Type Merger

Target

Husky Energy

Calgary, Alberta, Canada
Husky Energy is an integrated energy and energy-related company. Husky has two business segments - Husky Energy's Upstream unit which is involved in oil and gas exploration, and Downstream, which is its refining operations. Husky Energy was founded in 1938 and is based in Calgary, Canada.

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Buyer(S) 1

Buyer

Cenovus Energy

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees2,674
Revenue 13M USD (2015)
DESCRIPTION

Cenovus Energy, Inc. is an integrated oil company that is focused on its oil projects and its established natural gas and crude oil production in Alberta and Saskatchewan. The company also has ownership in two refineries located in Illinois and Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Merger) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Canexus Corp - North American Terminal Operations

United States

Canexus Corp - North American Terminal Operations (NATO) is a crude-by-rail trans-loading facility.

Buy $75M
Mergr

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