CPPIB teams with Wolf Midstream on $1.4B pipeline deal

Cenovus Energy’s Christina Lake oil sands operation in northern Alberta. PHOTO Cenovus

The Access pipeline transports blended bitumen and diluent between the Christina Lake area and Edmonton.

Wolf will make the purchase from Devon Engery Corp. with $825 million provided by CPPIB, which manages investments for the Canada Pension Plan.

Devon Energy is an independent energy company based in Oklahoma City and listed on the New York Stock Exchange