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Cenovus reaches agreement to sell Suffield assets for $512 mln

September 25, 2017 1:25 AM
Reuters

Cenovus Energy Inc

* Cenovus reaches agreement to sell Suffield assets for more than half a billion dollars

* Cenovus Energy – To sell Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corp for cash proceeds of $512 million

* Cenovus Energy – Net proceeds from the Suffield sale will be applied to reduce company's $3.6 billion asset-sale bridge facility

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