Group 1 - Cenovus Energy (CVE) is in advanced discussions with Canadian Indigenous groups to acquire MEG Energy, with a proposed C$2 billion ($1.45 billion) equity stake from First Nations and Métis communities [1][5] - MEG Energy is currently resisting a hostile C$6 billion offer from Strathcona Resources, prompting a strategic review to explore alternatives [2][4] - The acquisition of MEG's Christina Lake oil sands operation would create operational synergies and support long-term production growth for Cenovus [3][4] Group 2 - The Indigenous ownership aspect may facilitate regulatory approvals and aligns with the Canadian government's push for greater equity participation in resource projects [5][6] - The success of Cenovus's joint approach may depend on the speed of formalizing terms with Indigenous partners and the strategic benefits recognized by MEG's board [6]