Waterous Energy Fund Announces Purchase of Subscription Receipts of Strathcona Resources Ltd.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2025
0mins
Source: Newsfilter
Investment Announcement: Waterous Energy Fund Management Corp. announced the purchase of 21,400,000 subscription receipts of Strathcona Resources Ltd. for $661,688,000, maintaining a 79.6% ownership in common shares of the Issuer.
Use of Proceeds: The investment proceeds will partially fund Strathcona's acquisition of MEG Energy Corp., with the completion of the offer subject to regulatory approvals and market conditions.
Analyst Views on MEG
Wall Street analysts forecast MEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MEG is 33.50 USD with a low forecast of 32.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 22.240
Low
32.00
Averages
33.50
High
36.00
Current: 22.240
Low
32.00
Averages
33.50
High
36.00
About MEG
Montrose Environmental Group, Inc. is an environmental solutions company focused on supporting commercial and government organizations. Its Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning and development projects. Its Measurement and Analysis segment provides environmental testing and laboratory services in North America, including source and ambient air testing and monitoring, leak detection, and advanced multimedia laboratory services. Its Remediation and Reuse segment provides clients with engineering, design, and implementation services, primarily treatment technologies that treat contaminated water, remove contaminants from soil or create renewable energy from waste.
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.
