reports
Cenovus announces closing of $2.6 billion offering of senior notes and...
Cenovus announces closing of $2.6 billion offering of senior notes and redemption of select notes CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036 (collectively, the “Offering”). The Offering was made under Ce...
Cenovus Energy announces $2.6 billion offering of senior notes
Cenovus Energy announces $2.6 billion offering of senior notes The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of Canadian Notes will be accessible through SEDAR+ within two business days. CALGARY, Alberta, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus”) (TSX: CVE) (NYSE: CVE) announced today that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes. The notes offered are comprised of four tranches across Canadian dollar and U.S. dollar denominations...
Moody's Ratings assigns Baa1 rating to Cenovus's proposed senior notes...
Moody's Ratings (Moody's) assigned Baa1 ratings to Cenovus Energy Inc.'s (Cenovus) proposed senior unsecured notes. Cenovus' existing ratings are unchanged. The rating outlook remains negative. Proceeds from the notes will be used to refinance MEG Energy Corp.'s (MEG, Ba3 RUR-up) debt, Cenovus's n...
Cenovus announces closing of MEG Energy acquisition
Cenovus announces closing of MEG Energy acquisition CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today. This acquisition strengthens Cenovus’s portfolio of long-life, low-cost oil sands assets, adding top-tier operations that are directly adjacent to the company’s Christina Lake asset. Total consideration paid by Cenovus included: $752 million of cash paid for 25.0 million MEG shares acquired through open market transactions.$3.44 billion of ca...
Cenovus Energy announces renewal of share buyback program
Cenovus Energy announces renewal of share buyback program CALGARY, Alberta, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 120,250,990 common shares during the 12-month period commencing November 11, 2025 and ending November 10, 2026. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to sha...
Cenovus announces third-quarter 2025 results
Cenovus announces third-quarter 2025 results CALGARY, Alberta, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production of 832,900 barrels of oil equivalent per day (BOE/d)1 and record Downstream crude throughput of 710,700 barrels per day (bbls/d), representing an overall uti...
Cenovus announces amendment to agreement with MEG Energy and voting su...
Cenovus announces amendment to agreement with MEG Energy and voting support agreement with Strathcona Resources Ltd. CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a second amending agreement in respect of the arrangement agreement dated August 21, 2025 (as amended, the “Agreement”) to acquire MEG Energy Corp. (TSX: MEG) (“MEG”). Under the terms of the Agreement, each MEG shareholder will now have the option to elect to receive, for each MEG common share, (i) $30.00 in cash; or (ii) 1.255 Cenovus com...
Cenovus to hold third-quarter 2025 conference call and webcast on Octo...
Cenovus to hold third-quarter 2025 conference call and webcast on October 31 CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its third-quarter 2025 results on Friday, October 31, 2025. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, . Third-quarter 2025 conference call: 9 a.m. MT (11 a.m. ET) For analysts wanting to join the call, please in advance. To participate in the conference call, complete the online r...
Special meeting of MEG shareholders to vote on Cenovus transaction pos...
Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025 CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that the special meeting of holders of common shares of MEG Energy Corp. (“MEG”) related to Cenovus’s proposed acquisition of MEG has been postponed, pursuant to Cenovus exercising its contractual postponement right, from October 22, 2025, to October 30, 2025. The deadline for submitting proxies has been extended to October 29, 2025, at 9:00 a.m. (Calgary Time). At the time...
Cenovus Energy acquires additional MEG Energy common shares
Cenovus Energy acquires additional MEG Energy common shares CALGARY, Alberta, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an additional 3,276,460 common shares of MEG Energy Corp. (“MEG”) through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over, an aggregate of 25,000,000 MEG common shares representing 9.8% of the 254,378,0...
Cenovus Energy acquires 8.5% of MEG Energy common shares
Cenovus Energy acquires 8.5% of MEG Energy common shares CALGARY, Alberta, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an aggregate of 21,723,540 common shares of MEG Energy Corp. (“MEG”) through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over an aggregate of MEG common shares representing 8.5% of the 254,378,035 MEG commo...
Cenovus announces amended agreement with increased price to acquire ME...
Cenovus announces amended agreement with increased price to acquire MEG Energy and provides update on third-quarter operating results CALGARY, Alberta, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into an amending agreement in respect of the arrangement agreement dated August 21, 2025 (as amended, the “Amended Agreement”) to acquire MEG Energy Corp. (TSX: MEG) (“MEG”). Under the terms of the Amended Agreement, each MEG shareholder will have the option to elect to receive, for each MEG common share, (i) $29.50 in cash; or...
Cenovus releases presentation on MEG transaction highlighting superior...
Cenovus releases presentation on MEG transaction highlighting superior value for shareholders CALGARY, Alberta, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today released a presentation outlining the compelling advantages of its transaction with MEG Energy. The transaction was unanimously approved and reaffirmed by MEG Energy’s board of directors, and delivers full and fair value to MEG shareholders. In contrast, Strathcona Resources’ offer is inferior, high risk and not in the best interests of MEG shareholders. Why Cenovus’s transaction with MEG is the...
Cenovus Energy to sell interest in WRB Refining to Phillips 66
Cenovus Energy to sell interest in WRB Refining to Phillips 66 CALGARY, Alberta, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, of its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. The consideration will consist of US$1.4 billion in cash, or approximately C$1.9 billion, subject to customary closing adjustments. “This transaction aligns with our strategy of owning and operating the assets that are core to our business. Aft...
Moody's Ratings changes Cenovus' outlook to negative; affirms Baa1 rat...
Moody's Ratings (Moody's) affirmed Cenovus Energy Inc.'s (Cenovus) Baa1 senior unsecured ratings and changed the outlook to negative from stable. The rating action follows the announcement on August 22, 2025 that Cenovus has entered into a plan of arrangement to acquire all of MEG Energy Corp.'s (ME...
Cenovus announces agreement to acquire MEG Energy
Cenovus announces agreement to acquire MEG Energy CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG) (“MEG”) in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt. Under the terms of the agreement, Cenovus will acquire all of the issued and outstanding common shares of MEG for $27.25 per share, which will be paid 75% in cash and 25% in Cenovus common shares. Each MEG shareholder will have the option to e...
Cenovus announces second-quarter 2025 results
Cenovus announces second-quarter 2025 results CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its second-quarter 2025 financial and operating results. The company generated approximately $2.4 billion in cash from operating activities, $1.5 billion of adjusted funds flow and $355 million of free funds flow. Total upstream production was 765,900 barrels of oil equivalent per day (BOE/d)1, reflecting planned turnarounds at the Foster Creek and Sunrise oil sands assets, maintenance at offshore facilities and short-term production...
Cenovus to hold second-quarter 2025 conference call and webcast on Jul...
Cenovus to hold second-quarter 2025 conference call and webcast on July 31 CALGARY, Alberta, July 24, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its second-quarter 2025 results on Thursday, July 31, 2025. The news release will provide consolidated second-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, . Second-quarter 2025 conference call: 9 a.m. MT (11 a.m. ET) For analysts wanting to join the call, please in advance. To participate, you must complete the online registrat...
Cenovus Energy restores full production at Christina Lake
Cenovus Energy restores full production at Christina Lake CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week. Site inspections confirmed there was no damage to Cenovus infrastructure. The company continues to closely monitor the overall wildfire situation in Alberta, with a focus on the safety of its people and assets. It appreciates ...
Cenovus Energy announces redemption of Series 7 Preferred Shares
Cenovus Energy announces redemption of Series 7 Preferred Shares CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company’s 3.935% Series 7 Preferred Shares (the “Series 7 Preferred Shares”) on June 30, 2025 (the “Redemption”). All 6 million Series 7 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $150 million, less required withholdings, if any, funded primarily from cash on hand. ...
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