Market Chatter: Cenovus Energy Prepares Rival Bid for MEG Energy

MT Newswires Live

Jul 25, 2025

Cenovus Energy (CVE) is working on a bid for MEG Energy that will compete with Strathcona Resources' takeover offer, the Financial Post reported, citing people with knowledge of the bidding process.

MEG has set a July 28 deadline for bidders, the sources reportedly said.

Cenovus is seeking financing for the deal but may ultimately decide not to proceed, according to the news outlet Wednesday.

Cenovus and MEG Energy did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 14.31, Change: -0.32, Percent Change: -2.20

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 14.31, Change: -0.32, Percent Change: -2.20</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2554787903","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554787903","pubTimestamp":1753381813,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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