Exclusive: Cenovus considers selling some Alberta assets valued around C$3 billion, sources say

Core Viewpoint - Cenovus Energy is exploring the sale of its conventional oil and gas assets in Alberta's Deep Basin to reduce debt following its acquisition of MEG Energy [1] Group 1: Company Actions - The company is considering divesting its conventional oil and gas assets as part of its strategy to manage and lower its debt levels [1] - This potential sale comes after Cenovus's recent takeover of MEG Energy, indicating a shift in focus towards optimizing its asset portfolio [1] Group 2: Industry Context - The move reflects broader trends in the oil and gas industry, where companies are increasingly looking to streamline operations and reduce financial liabilities in a fluctuating market [1]