Cenovus completes MEG Energy acquisition, strengthening oil sands portfolio.
ByAinvest
Thursday, Nov 13, 2025 10:25 am ET1min read
CVE--
Cenovus Energy completed its acquisition of MEG Energy, strengthening its oil sands portfolio with top-tier operations adjacent to its Christina Lake asset. Total consideration included $3.44 billion in cash and the issuance of 143.9 million Cenovus common shares. The acquisition is expected to have an immediate positive impact on Cenovus.
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