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Cenovus Completes Acquisition of MEG Energy, Strengthening Its Oil Sands Portfolio
ByAinvest
Thursday, Nov 13, 2025 10:25 am ET1min read
Cenovus Energy has completed its acquisition of MEG Energy, adding top-tier oil sands operations adjacent to its Christina Lake asset. The deal includes $3.44 bln in cash, 143.9 mln Cenovus shares, and approximately $800 mln in net debt assumed. The acquisition adds 110,000 barrels per day of low-cost, long-life oil sands production to Cenovus.
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