Strathcona Resources

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

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

May 15, 2025

(Oil & Gas 360) – Calgary, Alberta (May 14, 2025) – Strathcona Resources Ltd. (“Strathcona” or the “Company”) (TSX: SCR) is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset (the “Kakwa Sale”) to ARC Resources Ltd. for

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

Strathcona formally launches takeover bid for oilsands peer MEG Energy

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

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