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.