Cenovus Said to Be in Talks With Indigenous Groups for MEG Bid

MEG Energy’s hostile bidder says government support for rival offer would be unfair subsidy

Strathcona’s executive chairman was responding to a report that Cenovus is in talks with two Alberta First Nations to launch an offer for MEG

Cenovus, Indigenous Groups Circle MEG Energy in Possible Joint Bid

Cenovus Energy is in talks with a coalition of Canadian Indigenous groups to jointly acquire oil sands rival MEG Energy, Bloomberg reported Tuesday, citing people familiar with the matter. The arrangement would see First Nations and Métis communities—including Chipewyan Prairie First Nation and Heart Lake First Nation—take a C$2 billion ($1.45 billion) stake in MEG, backed by federal and provincial financing. Cenovus would acquire the remainder.…

Cenovus Said to Be in Talks With Indigenous Groups for MEG Bid

Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy Corp., an oil sands producer that faces an unsolicited $4 billion takeover bid from a Canadian oil tycoon.

Cenovus And Indigenous Partners To Rival Strathcona’s Unsolicited Bid For MEG Energy

Cenovus Energy (TSX: CVE) is in talks with a consortium of Canadian Indigenous groups to mount a joint bid for MEG Energy (TSX: MEG), a move that would create an immediate alternative to Strathcona Resources’ (TSX: SCR) unsolicited offer. The Indigenous partners, including Chipewyan Prairie First Nation and Heart Lake First Nation, are negotiating to […]