Cenovus Energy is in talks with a coalition of Canadian Indigenous groups to jointly acquire oil sands rival MEG Energy, Bloomberg reported Tuesday, citing people familiar with the matter. The arrangement would see First Nations and Métis communities—including Chipewyan Prairie First Nation and Heart Lake First Nation—take a C$2 billion ($1.45 billion) stake in MEG, backed by federal and provincial financing. Cenovus would acquire the remainder. Shares of MEG rose more than 2% on the news. The potential bid comes as MEG fends…
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