Cenovus acquires MEG Energy for CAD$7.9B, boosting reserves & synergies with CAD$400M+ savings. Read here for the deal's ...

Cenovus Energy is acquiring MEG Energy for C$27.25/share, unlocking value from Christina Lake assets with 75% cash, 25% ...

Cenovus Energy said its proposed buyout of rival MEG Energy will unlock hundreds of millions of dollars in savings by ...

Shareholders are expected to vote on the proposed $7.9-billion deal in October, but there is another company vying to take ...

Shares of energy companies rallied after Federal Reserve Chairman Jerome Powell laid the groundwork for a potential rate cut in September during his speech from a Wyoming symposium. Oil futures rose ...

CALGARY — MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc.

Canada's Cenovus Energy announced on Friday it will acquire MEG Energy in a C$7.9 billion ($5.68 billion) cash-and-stock deal ...

Cenovus Energy has entered into an agreement with MEG Energy to acquire the company. They will acquire common shares at $27.25 per share.

Cenovus will acquire MEG Energy for $7.9B, creating one of Canada's largest oil sands producers. Deal includes cash and stock ...

Shares of Cenovus Energy rose by 4.1% to C$22.03 after it said it agreed to a C$7.9 billion deal to buy MEG Energy in a move that sets the stage for a larger pure-play producer focused on the Canadian ...

Cenovus Energy is buying rival MEG Energy for 7.9 billion Canadian dollars, about $5.68 billion, the latest consolidation move in Canada's oil patch as producers bulk up in the country's vast ...

Cenovus Energy is set to acquire MEG Energy in a CAN$7.9 billion deal, combining two SAGD oil sands producers aimed at ...