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In a report, the analyst says the company is paying a premium for \"growth, resource depth and synergy potential.\" He says that the deal consolidates scalable thermal resources around Cenovus' Christina Lake area operations, with around C$85 million in synergies identified, which \"CVE's upstream operating expertise could drive upside beyond.\" While the C$5.7 billion price tag is higher, Hulshof calls the cost inevitable \"given it is one of the last remaining thermal plays and arguably carries a scarcity 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