# 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.

- Type: Acquisition
- Announced: 2025-08-22
- Where: Alberta, Canada, Canada
- Value: $7.90B
- Status: announced
- Capacity: 720,000 barrels per day
- Products: oil sands, SAGD crude oil

## Companies

- [Cenovus Energy](https://endata.com/companies/11144.md) (acquirer)
- [MEG Energy Corp.](https://endata.com/companies/86784.md) (target)

## Sources

- [cenovus.com](https://www.cenovus.com/News-and-Stories/News-releases/2025/3137718), 2025-08-22: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.