Analyst's Disclosure:I/we have a beneficial long position in the shares of CVE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation for the purchase or sale of stock. Investors ar ...

The CEO of Canada's Cenovus Energy pushed back on Friday against criticisms of his company's bid for rival oil sands producer MEG Energy , telling Reuters the offer is fair and final. ...

Cenovus Energy (NYSE: CVE ) (TSX: CVE:CA ) is currently one of the biggest Canadian oil and gas companies with a diverse portfolio of assets, starting with oil sands all the way to refining and marketing. WithAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anythin ...

Cenovus Energy (NYSE: CVE ) (TSX: CVE:CA ) is currently one of the biggest Canadian oil and gas companies with a diverse portfolio of assets, starting with oil sands all the way to refining and marketing. WithAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anythin ...

Cenovus Energy Inc. (NYSE:CVE) is one of the best Canadian stocks to buy now. On September 10, National Bank raised the firm’s price target on Cenovus Energy to C$29 from C$28, while keeping an Outperform rating on the shares. Prior to this sentiment, the company had already reported that its upstream production totaled 765,900 barrels of oil equivalent per day (BOE/d) in Q2 2025. This was a year-over-year decrease from 818,900 BOE/d due to planned maintenance turnarounds at the Foster Creek and Sunrise o ...

Cenovus Energy said on Thursday it has raised its takeover offer for MEG Energy to C$28.44 per share from C$27.25, intensifying a months-long bidding war for the Canadian oil sands producer. ...

Core Viewpoint - Cenovus Energy Inc. has announced a transaction with MEG Energy that is deemed to provide full and fair value to MEG shareholders, contrasting it with Strathcona Resources' inferior and high-risk offer [1][2]. Summary by Relevant Sections Transaction Details - The transaction with MEG Energy has been unanimously approved by MEG's board of directors, emphasizing its advantages over Strathcona's proposal [1]. - Cenovus offers an attractive price at a premium valuation, providing certainty of consideration value in cash and shares [5]. Strategic Advantages - Cenovus brings scale, industry-leading experience, tier-1 assets, and diversified revenues, which are expected to enhance growth and create unique synergies [5]. - MEG shareholders have the option to continue their investment journey with Cenovus by electing to receive share consideration or a combination of cash and shares [5]. Comparison with Competitors - Strathcona's offer is characterized as inferior, with its shares being illiquid and overvalued compared to peers [5]. - The proposal from Strathcona would lead to control by Waterous Energy Fund and other insiders, whose interests may not align with those of MEG shareholders [5]. Company Overview - Cenovus Energy Inc. operates in oil and natural gas production in Canada and the Asia Pacific, with refining and marketing operations in Canada and the U.S. [10]. - The company is committed to maximizing value through responsible and cost-efficient asset development, integrating environmental, social, and governance considerations into its business plans [10].

Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources , and reaffirmed support for sale to Cenovus... ...

MEG Energy’s board turned down Strathcona's sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival offer from Cenovus https://t.co/H9QQIg80OQ ...

Group 1 - Cenovus Energy Inc. announced the sale of a 50% interest in WRB Refining LP to Phillips 66 for $1.4 billion, which aligns with the company's strategy to focus on core assets [1][2] - The deal includes the Wood River Refinery in Illinois and the Borger Refinery in Texas, processing a total of approximately 495,000 barrels per day, with Cenovus's share being 247,500 barrels per day [2] - Post-sale, Cenovus's downstream operations will consist of five refineries and an upgrader, with a total crude capacity of 472,800 barrels per day [2] Group 2 - Analysts from Raymond James and Jefferies maintained a Buy rating on Cenovus Energy Inc. after the announcement, with price targets of C$30 and C$29 respectively [3] - Cenovus Energy Inc. is an integrated oil and natural gas company based in Canada, producing crude oil and natural gas in Canada and the Asia Pacific region [3]