Reported 1 day ago
Cenovus Energy Inc. announced it will sell a 50% interest in WRB Refining LP, including the Wood River and Borger refineries, to Phillips 66 for $1.4 billion. This decision is part of the company's strategy to focus on core assets, leaving it with five refineries and a total capacity of 472,800 barrels per day. Analysts from Raymond James and Jefferies have maintained Buy ratings on the stock.
Source: YAHOO