Friday, March 31, 2017

ConocoPhillips (COP) Surged After Sale Of Oil Sands Assets

ConocoPhillips (COP) announced after the bell Wednesday that it has agreed to sell its 50 percent non-operated interest in the Foster Creek Christina Lake oil sands partnership and the majority of its western Canada Deep Basin gas assets to Cenovus Energy for $13.3 billion.

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