MEG Energy – Oil & Gas 360

Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

July 28, 2025

(BOE Report)– Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources Ltd. and launched a formal review of alternative options. MEG and Cenovus have neighbouring flagship oilsands projects south of Fort McMurray, Alta., at Christina Lake that use steam wells to

MEG Energy seeks alternatives after rejecting $4.4-billion bid from Strathcona

June 20, 2025

(Oil Price) – Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock. A deal would have turned

Strathcona formally launches takeover bid for oilsands peer MEG Energy

May 30, 2025

(BOE Report) – CALGARY – Strathcona Resources Ltd. has begun its formal takeover bid for fellow oilsands producer MEG Energy. Its offer comprises 0.62 of a common share of Strathcona and $4.10 in cash for each MEG share it doesn’t already own. The offer is open until Sept. MEG says its board and legal and financial advisers will consider the offer, and that a

Canadian Oil Sands: Producers Weigh In On Curtailments, Historically High Differentials, Transporting Oil Out

March 8, 2019

Q4 earnings caps a wild quarter By Richard Rostad, analyst, Oil & Gas 360 Two major Canadian oil sands producers, Canadian Natural Resources (ticker: CNQ) and Meg Energy (ticker: MEG) held conference calls late this week, providing a glimpse of the thoughts of two of the largest producers in the country. As might be expected, both companies experienced wild quarters

Husky Offer For MEG Expires Without Extension

January 17, 2019

Husky Offer For MEG Expires Without Extension

MEG Energy significantly reduces overall cost structure, enabling positive cash flow at low commodity prices

October 28, 2015

Non-energy operating cost target reduced to $6.90 to $7.10 per barrel from $7.30 to $9.30 per barrel; All financial figures in C$ unless otherwise noted CALGARY, AB–(Marketwired – October 28, 2015) – MEG Energy Corp. (TSX: MEG) today reported third quarter 2015 operating and financial results. Highlights include: Net operating costs of $9.10 per barrel, supported by record-low non-energy operating

MEG Energy Releases Q1 Results

April 30, 2015

MEG Energy to release first quarter financial results MEG Energy Corp. (MEG.TO) announces that it intends to release its financial results for the first quarter ended March 31, 2015 on Thursday, May 7, 2015. A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, May 7, 2015. The

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