News Snapshot:
Business CALGARY — The CEO of Cenovus Energy Inc. says the process to sell Husky Energy Inc.’s chain of retail fuel stations was halted at an “advanced” stage as part of the $3.8-billion all-stock takeover that closed early this year. In a fireside chat at the 2021 Scotiabank CAPP Energy Symposium, Alex Pourbaix said the proposed sale would have taken place at a low point in the fuel retailing business cycle and was stopped in hopes that the market for those assets would improve. “The retail business, you know, it’s a great asset position of legacy Husky. We stopped that...
