Strathcona Resources Purchases Additional MEG Energy Shares
September 4, 2025
Strathcona Resources Ltd. purchased 6,035,600 common shares of MEG Energy Corp. for approximately $172.7 million, increasing its stake to roughly 14.2% of MEG's outstanding shares. The purchase is part of Strathcona's ongoing offer to acquire MEG and Strathcona intends to vote its shares against the proposed acquisition of MEG by Cenovus Energy Inc.
- Buyers
- Strathcona Resources Ltd.
- Targets
- MEG Energy Corp.
- Industry
- Oil & Gas
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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