Strathcona Resources commences offer to acquire MEG Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Strathcona Resources Acquisition Offer: Strathcona Resources has initiated an offer to acquire all outstanding shares of MEG Energy Corp. for 0.62 of a Strathcona share and $4.10 in cash per MEG share, with the offer open until September 15, 2025.
Equity Commitment from Waterous Energy Fund: Strathcona secured a commitment from Waterous Energy Fund to purchase an additional 21.4 million shares at $30.92 each, totaling approximately $662 million, marking a significant investment in the Canadian oil and gas sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
