Just type "Cenovus sells" into Google to determine the future the majority of Husky assets it doesn't consider core. Question is what happens to the talent? Are they transferred or laid off?
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I don't see that ethanol producer article anywhere. Can't be true.
Ethanol Producer Magazine – Tidewater Midstream & Infrastructure in Talks for Husky Ethanol Plants ...
Ethanol Producer Magazine is the longest running and premier source of news, data and information for and about ethanol producers and industry pros.
LEP and MEP are safe. Too valuable to let go of.
Typically I think talent is sold off with the asset and / or offered different positions back with the selling company. Layoffs are not common with sale of an asset well-operated as no one would want to disrupt good operations anyways. Not worth losing any sleep over.
Definitely LEP / MEP.
I think they’re gonna sell majority of Husky assets (except 10k thermals). This includes cold/eor assets, tucker, maybe even sunrise.
Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday, Zacks.com reports.