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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.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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