Finance

Cenovus increases stake in merger target ahead of $6.17 billion tie-up

Canadian player appears ready to buy Calgary oil sands operator after rival bidder drops out

Cenovus Energy chief executive Jon McKenzie.
Cenovus Energy chief executive Jon McKenzie.Photo: CENOVUS ENERGY
North America Energy CorrespondentBaton Rouge
Published 14 October 2025, 16:03Updated 14 October 2025, 16:03
Cenovus EnergyMEG EnergyStrathcona ResourcesCanadaAmericas