Cenovus Energy Finalizes $7.9 Billion Acquisition of MEG, Forming Oil Sands Giant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2025
0mins
Source: Benzinga
Cenovus Energy Acquisition: Cenovus Energy Inc. announced it will acquire MEG Energy Corp. in a cash-and-stock deal valued at $7.9 billion, creating a major player in Canada's oil sands sector.
Deal Structure: MEG shareholders will receive $27.25 per share, with 75% in cash and 25% in Cenovus stock, allowing investors to choose between all-cash or all-stock payouts.
Production and Efficiency Gains: The merger will result in over 720,000 barrels per day of oil sands production and is expected to generate $150 million in annual synergies initially, increasing to over $400 million by 2028.
Financing and Approval: The cash portion will be funded through loans, and the deal has been unanimously approved by both companies' boards, pending shareholder and regulatory approval expected by Q4 2025.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MEG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MEG
Wall Street analysts forecast MEG stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 21.910
Low
36.00
Averages
High
36.00
Current: 21.910
Low
36.00
Averages
High
36.00
About MEG
Montrose Environmental Group, Inc. is an environmental solutions company focused on supporting commercial and government organizations. Its Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning and development projects. Its Measurement and Analysis segment provides environmental testing and laboratory services in North America, including source and ambient air testing and monitoring, leak detection, and advanced multimedia laboratory services. Its Remediation and Reuse segment provides clients with engineering, design, and implementation services, primarily treatment technologies that treat contaminated water, remove contaminants from soil or create renewable energy from waste.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Montrose Environmental Group Announces 2025 Earnings Call Schedule
- Earnings Release Schedule: Montrose Environmental Group plans to release its fourth quarter and full year 2025 results on February 25, 2026, after the NYSE closes, aiming to provide investors with the latest financial performance and future outlook.
- Conference Call Details: The company will host a conference call on February 26, 2026, at 8:30 a.m. Eastern Time to discuss the earnings report and outlook, enhancing communication and transparency with investors.
- Participation Instructions: Investors can join the call by dialing (800) 715-9871 toll-free in North America or +1 (646) 307-1963 internationally, approximately ten minutes before the start, providing Conference ID: 8690520.
- Replay Availability: An archived replay of the call will be available on the Montrose website's investor section for 30 days following the live event, ensuring that investors who cannot attend in real-time can still access key information.
See More
Montrose Environmental Group to Attend 28th Annual Needham Growth Conference
- Management Attendance: Montrose Environmental Group's management team will attend the 28th Annual Needham Growth Conference on January 14-15, 2026, to engage in one-on-one meetings with investors, aiming to strengthen investor relations and drive future growth.
- Global Business Presence: With approximately 3,500 employees across 120 locations worldwide, Montrose leverages deep local knowledge combined with an integrated approach to design, engineering, and operations, enabling effective responses to unique project requirements, thereby enhancing client satisfaction and market competitiveness.
- Provider of Environmental Solutions: Montrose focuses on delivering comprehensive air measurement, laboratory services, and compliance support to commercial and government organizations, ensuring clients can address current challenges while strategically preparing for future needs.
- Commitment to Sustainability: Montrose's mission to protect air, water, and soil while supporting economic development reflects the company's responsibility and market orientation in environmental protection, which is expected to attract more investors focused on sustainable investments.
See More
Waste Management Stocks Decline, Led by Perma-Fix Down 3%
- Market Underperformance: On Wednesday, waste management stocks collectively fell by approximately 1.1%, indicating pressure on the sector, particularly with Perma-Fix Environmental Services experiencing a 3% decline, which may undermine investor confidence in the industry.
- Sector Leaders in Decline: Montrose Environmental Group also faced challenges, with a 2.2% drop in stock price, reflecting a broader pessimistic sentiment towards the waste management sector that could lead to capital outflows from this segment.
- Investor Attention: As waste management stocks decline, investors may reassess their portfolios in the environmental sector, especially amid increasing economic uncertainty, potentially impacting future capital flows.
- Market Trends: This trend may signal short-term challenges for the waste management industry, prompting investors to closely monitor the financial health of related companies and their strategies for navigating market volatility.
See More
Montrose Environmental Group Insiders Buy $181K in Shares
- Insider Buying Signal: Montrose Environmental Group's Independent Director J. Miguel de Castro purchased $181K worth of shares at approximately $18.07 each over the past year, despite the current price of $26.04, indicating insiders may view the stock as undervalued at lower prices.
- Insider Ownership Analysis: Insiders at Montrose Environmental Group own about $68 million in shares, representing 7.4% of the company, suggesting a significant alignment of interests between insiders and other shareholders.
- Transaction Activity Overview: Although no insiders have traded Montrose Environmental Group shares in the last quarter, the activity over the past year indicates that insiders maintain confidence in the company, as evidenced by the absence of any sales.
- Investor Caution Recommended: While insider buying sends a positive signal, analysts advise investors to exercise caution when considering Montrose Environmental Group, suggesting they explore other companies with high ROE and low debt levels.
See More
Montrose Environmental Cuts 201,487 Tonnes of Methane Emissions in 2025
- Significant Emission Reduction: Montrose's advanced methane leak detection and repair program achieved a reduction of 201,487 tonnes of CO2e in 2025, equivalent to the annual emissions from about 43,000 cars, highlighting its leadership in environmental stewardship.
- Innovative Technology Application: In 2025, the company detected 22,195 leaks and repaired 4,480 on the same day, achieving a 20% repair rate, which not only enhances clients' sustainability goals but also drives technological advancements in the industry.
- Strategic Partnerships Enhance Capabilities: Montrose's collaborations with Intertek and GHGSat strengthen its methane monitoring and compliance capabilities, assisting clients in meeting sustainability targets and regulatory requirements globally.
- Global Impact Expansion: The company's efforts extend beyond oil and gas, supporting methane monitoring in liquefied natural gas, global shipping, and landfills, showcasing its diversified capabilities in addressing climate change challenges.
See More
Montrose Empowers Communities with Over $45M in EPA Grant Applications for Revitalization
- Significant Grant Impact: In 2025, Montrose assisted with over 20 EPA grant applications totaling more than $45 million, enabling many communities to realize their eligibility for funding, thereby driving economic revitalization and environmental stewardship.
- Wide Project Coverage: Montrose's revitalization efforts span 21 states, addressing various recovery scenarios such as flood and wildfire recovery, showcasing the company's extensive influence and strategic positioning in the environmental remediation sector.
- Local Partnerships: Beyond funding strategies, Montrose fosters lasting partnerships with local governments and nonprofits, ensuring communities can effectively implement revitalization plans, which enhances local economic vitality.
- Innovative Project Demonstration: For instance, the transformation of an old ferry site in Westport into a beach and boat launch boosts tourism and community pride, illustrating Montrose's innovative capabilities in driving local economic development.
See More
Montrose Environmental Group Announces 2025 Earnings Call Schedule
- Earnings Release Schedule: Montrose Environmental Group plans to release its fourth quarter and full year 2025 results on February 25, 2026, after the NYSE closes, aiming to provide investors with the latest financial performance and future outlook.
- Conference Call Details: The company will host a conference call on February 26, 2026, at 8:30 a.m. Eastern Time to discuss the earnings report and outlook, enhancing communication and transparency with investors.
- Participation Instructions: Investors can join the call by dialing (800) 715-9871 toll-free in North America or +1 (646) 307-1963 internationally, approximately ten minutes before the start, providing Conference ID: 8690520.
- Replay Availability: An archived replay of the call will be available on the Montrose website's investor section for 30 days following the live event, ensuring that investors who cannot attend in real-time can still access key information.
See More
Montrose Environmental Group to Attend 28th Annual Needham Growth Conference
- Management Attendance: Montrose Environmental Group's management team will attend the 28th Annual Needham Growth Conference on January 14-15, 2026, to engage in one-on-one meetings with investors, aiming to strengthen investor relations and drive future growth.
- Global Business Presence: With approximately 3,500 employees across 120 locations worldwide, Montrose leverages deep local knowledge combined with an integrated approach to design, engineering, and operations, enabling effective responses to unique project requirements, thereby enhancing client satisfaction and market competitiveness.
- Provider of Environmental Solutions: Montrose focuses on delivering comprehensive air measurement, laboratory services, and compliance support to commercial and government organizations, ensuring clients can address current challenges while strategically preparing for future needs.
- Commitment to Sustainability: Montrose's mission to protect air, water, and soil while supporting economic development reflects the company's responsibility and market orientation in environmental protection, which is expected to attract more investors focused on sustainable investments.
See More
Waste Management Stocks Decline, Led by Perma-Fix Down 3%
- Market Underperformance: On Wednesday, waste management stocks collectively fell by approximately 1.1%, indicating pressure on the sector, particularly with Perma-Fix Environmental Services experiencing a 3% decline, which may undermine investor confidence in the industry.
- Sector Leaders in Decline: Montrose Environmental Group also faced challenges, with a 2.2% drop in stock price, reflecting a broader pessimistic sentiment towards the waste management sector that could lead to capital outflows from this segment.
- Investor Attention: As waste management stocks decline, investors may reassess their portfolios in the environmental sector, especially amid increasing economic uncertainty, potentially impacting future capital flows.
- Market Trends: This trend may signal short-term challenges for the waste management industry, prompting investors to closely monitor the financial health of related companies and their strategies for navigating market volatility.
See More
Montrose Environmental Group Insiders Buy $181K in Shares
- Insider Buying Signal: Montrose Environmental Group's Independent Director J. Miguel de Castro purchased $181K worth of shares at approximately $18.07 each over the past year, despite the current price of $26.04, indicating insiders may view the stock as undervalued at lower prices.
- Insider Ownership Analysis: Insiders at Montrose Environmental Group own about $68 million in shares, representing 7.4% of the company, suggesting a significant alignment of interests between insiders and other shareholders.
- Transaction Activity Overview: Although no insiders have traded Montrose Environmental Group shares in the last quarter, the activity over the past year indicates that insiders maintain confidence in the company, as evidenced by the absence of any sales.
- Investor Caution Recommended: While insider buying sends a positive signal, analysts advise investors to exercise caution when considering Montrose Environmental Group, suggesting they explore other companies with high ROE and low debt levels.
See More
Montrose Environmental Cuts 201,487 Tonnes of Methane Emissions in 2025
- Significant Emission Reduction: Montrose's advanced methane leak detection and repair program achieved a reduction of 201,487 tonnes of CO2e in 2025, equivalent to the annual emissions from about 43,000 cars, highlighting its leadership in environmental stewardship.
- Innovative Technology Application: In 2025, the company detected 22,195 leaks and repaired 4,480 on the same day, achieving a 20% repair rate, which not only enhances clients' sustainability goals but also drives technological advancements in the industry.
- Strategic Partnerships Enhance Capabilities: Montrose's collaborations with Intertek and GHGSat strengthen its methane monitoring and compliance capabilities, assisting clients in meeting sustainability targets and regulatory requirements globally.
- Global Impact Expansion: The company's efforts extend beyond oil and gas, supporting methane monitoring in liquefied natural gas, global shipping, and landfills, showcasing its diversified capabilities in addressing climate change challenges.
See More
Montrose Empowers Communities with Over $45M in EPA Grant Applications for Revitalization
- Significant Grant Impact: In 2025, Montrose assisted with over 20 EPA grant applications totaling more than $45 million, enabling many communities to realize their eligibility for funding, thereby driving economic revitalization and environmental stewardship.
- Wide Project Coverage: Montrose's revitalization efforts span 21 states, addressing various recovery scenarios such as flood and wildfire recovery, showcasing the company's extensive influence and strategic positioning in the environmental remediation sector.
- Local Partnerships: Beyond funding strategies, Montrose fosters lasting partnerships with local governments and nonprofits, ensuring communities can effectively implement revitalization plans, which enhances local economic vitality.
- Innovative Project Demonstration: For instance, the transformation of an old ferry site in Westport into a beach and boat launch boosts tourism and community pride, illustrating Montrose's innovative capabilities in driving local economic development.
See More
