Cenovus Energy (CVE) is in talks with Canada’s Indigenous groups to jointly bid for MEG Energy (MEGEF), Robert Tuttle and Paula Sambo of Bloomberg report. A group of First Nations and Metis communities are in talks with Cenovus about taking a $1.45B stake in MEG, sources told Bloomberg. A joint offer for MEG could be made as early as September, they added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVE:
- Cenovus Energy’s Earnings Call Highlights Resilience and Growth
- Cenovus Energy price target raised to C$30 from C$29 at Raymond James
- Cenovus Energy price target raised to C$26 from C$25 at RBC Capital
- Cenovus Energy Reports Q2 2025 Financial Results
- Cenovus Energy Reports Strong Q2 2025 Results Amid Strategic Advancements