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BRIEF-Cenovus to sell Pelican Lake assets for about $1 bln
September 5, 2017 / 10:14 AM / 3 months ago

BRIEF-Cenovus to sell Pelican Lake assets for about $1 bln

Sept 5 (Reuters) - Cenovus Energy Inc:

* Cenovus reaches agreement to sell Pelican Lake assets for approximately $1 billion

* Cenovus- proceeds from sale to be applied against $3.6 billion asset-sale bridge facility to fund asset acquisition from Conocophillips earlier this year

* Cenovus Energy Inc - company intends to retire first tranche of Bridge facility

* Cenovus Energy - ‍to sell Pelican Lake heavy oil operations, other miscellaneous assets in northern Alberta for gross cash proceeds of $975 million​ Source text for Eikon: Further company coverage:

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