Cenovus Energy acquires 8.5% of MEG Energy common shares

Core Points - Cenovus Energy Inc. has acquired 21,723,540 common shares of MEG Energy Corp., representing 8.5% of MEG's total outstanding shares [1][2] - The acquisition is part of a previously announced transaction, and Cenovus intends to vote the acquired shares in favor of this transaction [2] - Cenovus may adjust its ownership stake in MEG based on market conditions and applicable securities laws [2] Company Overview - Cenovus Energy Inc. is an integrated energy company involved in oil and natural gas production in Canada and the Asia Pacific, as well as upgrading, refining, and marketing operations in Canada and the United States [5] - The company focuses on maximizing value through safe, responsible, and cost-efficient asset development while integrating environmental, social, and governance considerations into its business plans [5]