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Investment Q&A

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Cenovus Energy Inc. (CVE $19.85)
- $19.85 P/E (TTM): 13.08X Cap: $36.18B
- View CVE Profile
- View Questions on CVE
MEG Energy Corp. (MEG $27.13)
- $27.13 P/E (TTM): 11.72X Cap: $6.90B
- View MEG Profile
- View Questions on MEG

Q: hi 5i
I heard this morning that Cenovus was preparing an offering bid for Meg...is there any truth to this news?
thx

Asked by jim on July 25, 2025

5i Research Answer:

The Financial Post reported the news, but neither company has commented. It would make sense for CVE at the right price, and certainly MEG shareholders are expecting more for a transaction than what SCR has offered.

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