Cenovus Energy (CVE) Considers Selling Conventional Assets in Alberta

Group 1 - Cenovus Energy Inc. is considering divesting its conventional oil and gas assets in Alberta to reduce debt after its C$8.5 billion acquisition of MEG Energy [3][4] - The potential sale of these assets is expected to generate approximately C$3 billion ($2.17 billion) [3] - The company aims to strengthen its balance sheet, targeting a reduction of net debt from around C$10.7 billion to C$4 billion over time [4] Group 2 - Cenovus Energy's share price increased by 7.47% from January 22 to January 29, 2026, making it one of the top-performing energy stocks during that week [1] - The company plans to invest C$3.6 billion in its oil sands business in 2026, an increase from C$2.8 billion in the previous budget [4] - Cenovus Energy was recently listed among the 10 Best Natural Gas Stocks to Buy [5]