Business Matters: Cenovus Energy buying Athabasca Oil in $5.7B deal - Yahoo News Canada
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Canadian oil and natural gas company Cenovus Energy is buying oilsands producer Athabasca Oil in a cash and stock deal valued at $5.7 billion. That story and more in Business Matters for October 5, 2026.
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The leaders of Cenovus Energy Inc., Calgary, plan to pay about CAN$5.7 billion for Athabasca Oil Corp. in a move president and chief executive officer Jon McKenzie called “a natural extension” of Cenovus’ Alberta oil sands strategy. Athabasca will add roughly 45,000 boe/d to Cenovus’ production, which McKenzie and his team have told investor will get close to 1 M boe/d this year. Roughly 80% of that latter figure comes from Canada’s oil sands, a business that Cenovus beefed up a year ago by buying MEG Energy Corp. for nearly CAN$8 billion. That transaction consolidated a lot of SAGD [steam-assisted gravity drainage] oil sands production in the Christina Lake area of Alberta.
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Over the past 10-plus years, there’s been an extraordinary consolidation among producers in Alberta’s booming oil sands region. Now, with Cenovus Energy’s planned multibillion-dollar acquisition of Athabasca Oil Corp., more than 90% of oil sands production will be owned by only five companies.
$90 million Lotto Max jackpot still up for grabs after no winners in Friday’s draw - CP24
TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google
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