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Cenovus Energy May Keep Selling Assets After Hitting Debt Target


Photographer: Brent Lewin/Bloomberg

Canadian oil sands producer Cenovus Energy Inc. hasn’t yet finished selling assets to slash debt following its C$3.8 billion ($3 billion) acquisition of Husky Energy Inc. last year.

Just over a week after the company agreed to sell more than C$650 million of assets, Cenovus Chief Executive Alex Pourbaix said people shouldn’t be surprised if more such deals are in the works.