Cenovus Energy To Buy MEG Energy In $7.9 Billion Deal - EUROPE SAYS

Cenovus Energy To Buy MEG Energy In $7.9 Billion Deal - EUROPE SAYS

Cenovus Energy has announced a definitive agreement to acquire MEG Energy in a deal valued at $7.9 billion, including the assumption of MEG’s debt. The

Brokerages Cheer Cenovus’ C$7.9 Billion Deal for MEG Energy - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Brokerages welcome Cenovus Energy’s C$7.9 billion ($5.72 billion) cash-and-stock deal to acquire peer MEG Energy Gerdes Energy Research raises PT on CVE by C$2 to C$32, a premium of 51.2% to stock’s closing price on Friday The deal will give “an approximate 6% improvement in oil sands capital intensity,” Gerdes said Brokerage Desjardins ...

Brokerages cheer Cenovus’ C$7.9 billion deal for MEG Energy

** Brokerages welcome Cenovus Energy's C$7.9 billion ($5.72 billion) cash-and-stock deal to acquire peer MEG Energy ** Gerdes Energy Research raises PT on CVE by C$2 to C$32, a premium of 51.2% to stock's closing price on Friday ** The deal will give "an approximate 6% improvement in oil sands capital intensity," Gerdes said **