Nanotechnology

[gfp927z]

Cenovus - >>> ConocoPhillips shares rally on sale of oil sands interest to Cenovus


By Wallace Witkowski

Mar 29, 2017



https://www.marketwatch.com/story/conocophillips-shares-rally-on-sale-of-oil-sands-interest-to-cenovus-2017-03-29?siteid=bigcharts&dist=bigcharts



ConocoPhillips COP, -1.01% shares rallied in the extended session Wednesday after the oil company agreed to sell its interest in an oil sands joint venture to Cenovus Energy Inc. CVE, -1.14% ConocoPhillips shares rallied 5.7% to $48.58, while Cenovus shares fell 8.3% to $12 after hours. Under the agreement, Cenovus will acquire ConocoPhillips's 50% stake in the FCCL Partnership, which is operated by Cenovus, for $17.7 billion, or $14.1 billion cash and 208 million Cenovus shares. The companies expect the deal to close in the second quarter.

<<<