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Cenovus announces closing of MEG Energy acquisition – Inside Oil & Gas
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Cenovus announces closing of MEG Energy acquisition – Inside Oil & Gas
Cenovus Energy Inc. has officially completed its acquisition of MEG Energy Corp., a move that significantly expands the company’s long-life, low-cost oil sands portfolio. The assets brought in through the transaction sit directly adjacent to Cenovus’s Christina Lake operation, creating what the company describes as a strong strategic and operational fit. The acquisition involved $752 million in cash for MEG shares purchased through open-market t…
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