Sale of Husky stations stopped, Asia-Pacific assets could be sold, says Cenovus CEO


Source: newmarkettoday.ca newmarkettoday.ca

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Share via Text Message CALGARY — The CEO of Cenovus Energy Inc. says a pending sale of Husky Energy Inc.'s chain of retail fuel stations was halted 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 says the sale would have taken place at a low point in the fuel retailing cycle and was stopped in hopes that the market for those assets would improve. Husky announced its plan to get out of retailing fuel to consumers after 80 years in the business in...