Adam Waterous, Executive Chairman of Strathcona, said "Strathcona is delighted that the MEG board has accepted Strathcona's recommendation to initiate a strategic alternatives process for the business ...

(Reuters) - Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources, and reaffirmed support for sale ...

(Reuters) -Strathcona Resources has agreed to buy private equity-backed Serafina Energy for C$2.3 billion ($1.8 billion), sources with direct knowledge of the matter said on Wednesday, the largest ...

As a result of the revised arrangement agreement between the MEG board of directors (the "MEG Board") and Cenovus Energy Inc. ("Cenovus"), Strathcona believes the conditions to its Offer, or any ...

The company 'fully supports them contacting other potential acquirers to determine if a superior transaction to Strathcona's offer is available'. Image by Tero Vesalainen via iStock After being ...

Strathcona's bid follows recent asset divestment and acquisition moves MEG's board to review offer, urges shareholders to wait Analysts expect competing offers for MEG The all-cash-and-stock offer, ...

Canada’s Strathcona Resources (SRC) said on Thursday it is looking to acquire more shares of Meg Energy to thwart the latter company’s C$7.9 billion ($5.72 billion) takeover by Cenovus Energy. Cenovus ...

A non-GAAP financial measure which does not have a standardized meaning under the Accounting Standards; see "Specified Financial Measures" section of this press release. In Cold Lake, production of ...

CALGARY, AB, Oct. 10, 2025 /CNW/ - Strathcona Resources Ltd. ("Strathcona") today announced: (i) the termination of its take-over bid (the "Offer") for MEG Energy Corp. ("MEG"), (ii) a meeting of ...