In Calgary, Alberta, on September 18, 2025, Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced the release of a presentation regarding its transaction with MEG Energy. The transaction received unanimous approval from MEG Energy’s board of directors and was emphasized as offering complete and equitable value to MEG shareholders. In comparison, Strathcona Resources’ offer was labeled as substandard, presenting high risks and considered not advantageous for MEG shareholders.