Cenovus Energy Inc. (CVE) saw a 7.47% surge in share price from January 22 to January 29, 2026, making it one of the top Energy Stocks gaining that week. The company is considering selling its conventional oil and gas assets in Alberta to reduce debt, with a potential sale price of C$3 billion ($2.17 billion).

After acquiring MEG Energy in November 2025, Cenovus Energy Inc. (CVE) is looking to divest its conventional assets in Alberta to focus on its core oil sands business. The company plans to invest C$3.6 billion in its oil sands operations this year to strengthen its balance sheet and reduce net debt from C$10.7 billion to C$4 billion.

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Read more at Yahoo Finance: Cenovus Energy (CVE) Considers Selling Conventional Assets in Alberta