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Stock impact report

Schlumberger to sell Palliser Block interests [Seeking Alpha]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Company Research Source: Seeking Alpha
Financial terms of the deal were not disclosed. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close late in the fourth quarter of 2024. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy in 2017. The sale announcement comes ahead of SLB's third quarter results due today. Analysts expect the energy technology company to earn $0.88 (+12.8% Y/Y) on revenue of $9.3B (+11.9% Y/Y). Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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