Quote:
Originally Posted by GGG
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.
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Exactly... revenue diversification and protection. Essentially less reliance upon being only a producer. Likely opens other doors too. Nervous times for many employees - gotta wonder how much overlap there is?