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2020: Purchase of the Canadian oil and gas company Husky Energy
At the end of October, 2020 the oil and gas giant Cenovus Energy announced purchase of the competing Husky Energy company for $2.9 billion which fell into a difficult financial position in the conditions of COVID-19 coronavirus pandemic. At the same time accident was about to happen within six years when because of congestion of pipelines and high production costs investors and foreign firms refused to develop oil and gas business in Canada. Read more here.
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