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Cenovus Energy Forges Oil Sands Giant with C$7.9 Billion MEG Energy Acquisition

Cenovus acquires MEG Energy for C$7.9B (cash/stock), forming an oil sands giant. Combined 720K+ bbls/d production, C$400M+ annual synergies by 2028. Reinforces Cenovus as a pre-eminent SAGD producer.

Cenovus Energy Forges Oil Sands Giant with C$7.9 Billion MEG Energy Acquisition
Photo by Odile on Unsplash

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