Sep. 9 at 12:27 PM
$CVE $MEG.TSX Cenovus Energy announced that it has entered into an agreement to divest its 50% stake in WRB Refining LP to its joint venture partner, Phillips 66 (PSX). The sale, is expected to generate
$1.4 billion in cash for Cenovus. Interesting timing here, will they sweeten the deal?