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 ...
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 ...
Strathcona Resources Ltd. chairman Adam Waterous escalated the fight for MEG Energy Corp., on Monday, boosting his takeover offer for the oilsands producer and blasting its board for backing what he ...
Strathcona Resources achieved impressive production growth and cost control in Q2 2024, resulting in increased operating earnings and free cash flow. The company declared its inaugural base dividend ...
Strathcona said it is abandoning its pursuit of MEG after the target company’s board accepted an increased offer from Cenovus earlier this week, seemingly putting an end to one of the Canadian ...
Strathcona will offer to acquire all of the issued and outstanding common shares not already owned by it of MEG for 0.62 per share of Strathcona and C$4.10 in cash per MEG share The offer represents ...
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 ...
Strathcona Resources is a Canadian large-cap oil-weighted energy producer that recently became public. SCR:CA's low public float and short history have kept it out of the public eye, presenting a ...
(Reuters) - Canadian oil and gas producer Strathcona said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy, aiming to create one of the ...
Strathcona Resources, backed by Waterous Energy Fund, has completed its acquisitions of Calgary-based oil company Caltex Resources and Stickney Resources. No financial terms were disclosed; however, ...
Strathcona has made an offer to acquire sector player MEG Energy for the equivalent of some $4.25 billion in cash and stock, per Reuters calculations. The offer represents a 9.3% premium to MEG Energy ...
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 ...
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