STORY-TRÅD·ekonomi

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.