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Cenovus Energy (CVE) to Sell 50% Interest in WRB Refining LP

Cenovus Energy Inc. (NYSE:CVE) is one of the Best TSX Stocks to Buy According to Billionaires. On September 9, Cenovus Energy Inc. (NYSE:CVE) announced that it will sell a 50% interest in WRB Refining LP to its joint venture partner Phillips 66 for $1.4 billion. The deal includes the Wood River Refinery in Illinois and the Borger Refinery in Texas. Together, both the refineries process around 495,000 barrels per day, with Cenovus Energy Inc. (NYSE:CVE)’s share being 247,500 barrels per day. Management not ...