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Cenovus completes acquisition of MEG Energy

PUBLIC · CVENov 13, 2025

Acquiring Company

Cenovus Energy

Acquired Company

MEG Energy

CalgaryCalgaryEnergyOil And GasEnergyOil And Gas

Description

Cenovus Energy Inc. has successfully completed its acquisition of MEG Energy Corp. on November 13, 2025. This strategic acquisition enhances Cenovus's portfolio by adding approximately 110,000 barrels per day of oil sands production. The deal is expected to create significant value through identified synergies in both the short and long term.

Quick answer

Cenovus Energy is acquiring MEG Energy, announced November 13, 2025. Cenovus Energy is based in Calgary, Alberta, Canada.

How much did Cenovus Energy pay for MEG Energy?
The deal value was not disclosed.
What does Cenovus Energy do?
Cenovus Energy Inc. is a Canadian integrated oil company based in Calgary.
Where are Cenovus Energy and MEG Energy based?
Cenovus Energy is based in Calgary, Alberta, Canada. MEG Energy is based in Calgary, Alberta, Canada.
Who are the decision-makers at Cenovus Energy?
Fundz holds 5 contacts at Cenovus Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Cenovus Energy

Location

Calgary, Alberta, Canada

About

Cenovus Energy Inc. is a Canadian integrated oil company based in Calgary. The company focuses on oil sands projects and conventional oil and gas production. Cenovus aims to provide safe, efficient, and sustainable energy. It was spun out of EnCana in 2009.

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Frequently asked

Who acquired MEG Energy?

MEG Energy was acquired by Cenovus Energy, based in Calgary. The deal was reported on November 13, 2025. Cenovus Energy Inc. is a Canadian integrated oil company based in Calgary. The company focuses on oil sands projects and conventional oil and gas production. Cenovus Energy is publicly traded (CVE) and operates in Energy.

When did Cenovus Energy acquire MEG Energy?

Cenovus Energy's acquisition of MEG Energy was reported on November 13, 2025. Cenovus Energy Inc. has successfully completed its acquisition of MEG Energy Corp. on November 13, 2025. This strategic acquisition enhances Cenovus's portfolio by adding approximately 110,000 barrels per day of oil sands production. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MEG Energy do?

MEG Energy is a Canadian oilsands producer specializing in heavy oil extraction. The company is focused on sustainable development and operational excellence within the industry. MEG Energy operates in Alberta and aims to maximize the value of its resources. It is privately held, operating in Energy, and is based in Calgary.

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