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Cenovus floated as potential competing bidder for hostile takeover target MEG Energy – Oil & Gas 360

Summary by Oil & Gas 360
(BOE Report)– Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources Ltd. and launched a formal review of alternative options.   MEG and Cenovus have neighbouring flagship oilsands projects south of Fort McMurray, Alta., at Christina Lake that use steam wells to draw the bitumen from underground. So fro
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Oil & Gas 360 broke the news in Denver, United States on Monday, July 28, 2025.
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