Ninepoint’s Athabasca Bet Delivers 6,500% Gain on Cenovus Oil Merger Deal
When Ninepoint Partners LP bought a nearly 10% stake in Athabasca Oil Corp. in early 2021, crude was trading around $50 a barrel and shares of the overleveraged crude producer had plunged into penny-stock territory.
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ImpactMinor 25/100
Why it mattersRule-based estimate: event keywords (+12), soft/evergreen signals; trust 9/10.
RegionsGlobal
Published2 h ago (Mon, 05 Oct 2026 18:36:06 GMT)
RetrievedMon, 05 Oct 2026 20:00:15 GMT via rss
ClassifiedMon, 05 Oct 2026 20:00:33 GMT by heuristic
AuthorMonique Mulima and Geoffrey Morgan