{
  "id": 12215785,
  "title": "Ninepoint’s Athabasca Bet Delivers 6,500% Gain on Cenovus Oil Merger Deal",
  "url": "https://urgent.news/2026/10/05/ninepoints-athabasca-bet-delivers-6-500-gain-on-cenovus-oil-merger",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T18:36:06.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/articles/2026-10-05/oil-merger-turns-ninepoint-s-risky-athabasca-bet-into-6-500-windfall"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}