[GGG]

Originally Posted by Calgary14

Cenovus buying Husky. I assume this will result in staffing reductions for both companies

https://ca.reuters.com/article/idCAKBN27A0DS

1.2 billion in efficiencies means 6000 jobs


The reason this works is it provides hedging for both companies. Husky was looking at MEG to prove feedstock into their refineries as a hedge against high prices and Cenovus now has refineries as a hedge against low prices.