MEG Energy Corp.

Deadline Alert: Time is running short. MEG Shareholders must deposit their proxies in order to vote FOR the Cenovus Transaction ahead of the proxy deadline of October 7, 2025 at 9:00 a.m. MEG Shareholders are also encouraged to make an election with respect to their preferred form of consideration to be received for the Cenovus Transaction ahead of the election deadline of October 7, 2025 at 4:30 p.m. The MEG Board and [...]

Glass Lewis highlights that the Cenovus Transaction "offers clear industrial logic, synergies, and diversification benefits that provide a stronger long-term platform for MEG's assets" Cenovus Transaction accelerates value realization from MEG's standalone plan, delivering production capacity of 150,000 bpd at Christina Lake by 2028 through incremental capital investment Cenovus Transaction provides MEG Shareholders with [...]

ISS highlights that "by all accounts, there seems to be little doubt that a transaction with Cenovus should unlock substantial synergy value" and is "the most prudent path forward" Cenovus Transaction accelerates value realization from MEG's standalone plan, provides MEG Shareholders with substantial cash and highly liquid share consideration and upside participation in long-term value creation potential MEG announces [...]

MEG's Board of Directors unanimously recommends that MEG Shareholders vote FOR the Cenovus Transaction Revised Strathcona Offer exposes MEG Shareholders to inferior assets, an unproven track record, an overvalued Strathcona share price, significant overhang risk, and governance risk The Special Distribution described in the Revised Strathcona Offer results in a weaker balance sheet and increased financial risk for the [...]

Strathcona Resources announced the filing and mailing of its Notice of Variation, Change and Extension in connection with its offer to acquire all of the outstanding common shares of MEG Energy Corp. not already owned by Strathcona for 0.80 Strathcona shares per MEG Share. The Notice of Variation, Change and Extension has been filed with the Canadian securities regulators on SEDAR+ under MEG's profile at www.sedarplus.ca [...]

MEG Energy is responding to the news release issued on Sept8, 2025 by Strathcona Resources announcing its intention to file a variation and extension to its offer to acquire MEG. As previously announced on August 22, 2025, MEG entered into a definitive arrangement agreement with Cenovus Energy under which Cenovus will acquire all issued and outstanding MEG shares in a transaction that values MEG at $27.76 per share or [...]

Strathcona Resources announced a variation and extension of its previously announced take-over bid for MEG Energy Corp. Under the terms of the Amended Offer, Strathcona is offering to acquire all of the issued and outstanding common shares of MEG not already owned by Strathcona or its affiliates for 0.80 of a common share of Strathcona per MEG Share. The expiry date for the Amended Offer is 5:00 p.m. on Oct 20, 2025. The [...]

$27.25 per share Purchase Price, payable 75% in cash and 25% in Cenovus shares, represents a 33% premium to MEG's unaffected 20-day volume-weighted share price as of May 15, 2025 Cash and highly liquid share consideration provides MEG Shareholders with near-term value certainty Upside participation in an industry-leading producer with significant scale and growth potential Accelerates and de-risks realization of value [...]

MEG Energy reported its second quarter 2025 operational and financial results.1 "We safely and successfully completed the largest planned turnaround in MEG's history in the second quarter, while prioritizing the safety of our workforce and communities during challenging wildfire conditions," said Darlene Gates, President and Chief Executive Officer of MEG. "We made meaningful progress advancing the Facility Expansion [...]

Results Release: Thursday, July 31, 2025 after market close Conference Call Details: Friday, August 1, 2025 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.800.715.9871 International: 1.647.932.3411 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Friday, August 1, 2025 at: https://www.megenergy.com/investors/presentations-events/ About MEG [...]