Cenovus to acquire MEG Energy for $7.9 billion

Cenovus Energy Inc. has entered into an agreement to acquire MEG Energy Corp. in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt. The acquisition combines two SAGD oil sands producers with combined production over 720,000 bbls/d.

“Cenovus Energy Inc. today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt.”cenovus.com

• 1 source
• cenovus.comCenovus announces agreement to acquire MEG EnergyAug 22, 2025

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