CVE News Today: Cenovus Energy’s MEG Acquisition Faces Regulatory Inquiry

Cenovus Energy’s acquisition of MEG Energy, valued at $8.6 billion, is under regulatory scrutiny, delaying a crucial shareholder vote yet again. This move has sparked investor concerns, highlighting the challenges large mergers face in today’s regulatory environment. As Cenovus Energy aims to expand its foothold in the oil sector, regulatory inquiries pose significant hurdles that could affect investor confidence and market dynamics.