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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 254,378,035 MEG common shares issued and outstanding, all of which have been acquired by Cenovus since Oct. 8, 2025.
