Strathcona increases bid for MEG Energy in an effort to surpass Cenovus.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
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Source: SeekingAlpha
Strathcona Resources' Takeover Bid: Strathcona Resources has raised its takeover offer for MEG Energy to 0.80 of a common share of Strathcona for each MEG share, valuing MEG at C$30.86/share, surpassing Cenovus Energy's offer of C$27.79/share.
Strategic Importance of MEG Energy: MEG Energy's Christina Lake oil sands project is highly valued for its long reserve life and low operating costs, representing a significant opportunity for production growth in Canada's energy 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.
