Just a thought, the Chinese always seem to be very good long term strategists. Are they seeing something going on with this insane global mess that the west can't?. The Democrats in the US are threatening to shutdown the oil and coal industries, could be much turmoil in the days to come.
A case of getting off the ship before the torpedo hits? This may have been a fatal blow to Cenovus, but that's ok. Exec's will still get their bonuses.