Cenovus boss a new type of CEO

Cenovus boss a new type of CEO by Deborah Yedlin, March 31, 2012, Calgary Herald
It was back in the fall of 1987, when Brian Ferguson had just been appointed to investor relations at Alberta Energy Company, that two rather tall research types invited him to lunch. … Of the oilsands players today, it’s Cenovus that is enjoying its day in the market sun, arguably usurping the position long held by Suncor. Since being spun out of Encana, Cenovus has seen its shares rise to the point where the company’s market value is through $27 billion compared with Encana’s $14.5 billion. … All this validates what many analysts said when it was spun out in November 2009; buy Cenovus and sell Encana. Anyone that listened has made quite the trade.

This entry was posted in Case Related. Bookmark the permalink.