Cenovus Energy's Stock Narrative Shifts Following MEG Acquisition, Analysts Lower Fair Value Estimate to CA$27.97

Cenovus Energy's stock narrative has shifted following the MEG acquisition, with analysts lowering the fair value estimate from CA$28 to CA$27.97. While the acquisition has driven optimism around growth, it has also introduced new uncertainties and risks. Analysts have diverging opinions on the company's growth trajectory, valuation, and integration of the MEG acquisition.