TSX:CVEOil and Gas
Cenovus MEG Deal Reshapes Oil Sands Scale And Investor Trade Offs
Cenovus Energy (TSX:CVE) has entered into a definitive agreement to acquire MEG Energy Corp.
The transaction creates a combined producer with anticipated output above 720,000 barrels per day in the Synthetic Heavy Oil Sands space.
The deal represents a major consolidation move within the Canadian oil sands industry.
Cenovus Energy operates as a major Canadian integrated energy company with a significant footprint in the oil sands, refining, and related infrastructure. The agreement to...