Strathcona Resources confirmed the payment of its previously announced special distribution and provided further details regarding its pro forma capital structure. Special Distribution Strathcona today completed its previously announced special distribution of $10.00 per share via a plan of arrangement. Odyssey Trust Company expects to mail or wire, as applicable, the Special Distribution to each registered shareholder as [...]
Strathcona Resources Ltd. today confirmed the closing of its previously announced acquisition of the Vawn thermal project and certain undeveloped thermal lands . Consideration for the Acquired Assets is comprised of $75 million in cash paid on closing and contingent consideration of up to $75 million. The contingent consideration is equal to $1 million for each dollar per barrel the Western Canada Select index averages [...]
Strathcona Resources Ltd. today announced that the Court of King's Bench of Alberta issued a final order approving the previously announced plan of arrangement pursuant to Section 193 of the Business Corporations Act , under which Strathcona will make a special distribution of $10.00 per share, or approximately $2.142 billion in aggregate, to its shareholders . The Special Distribution also received shareholder approval [...]
Strathcona Resources Ltd. today reported its third quarter 2025 financial and operating results and provided an update on the previously announced special distribution. The Board of Directors also declared a quarterly dividend of $0.30 per common share. Q3 2025 Highlights Production of 116,201 boe/d Operating Earnings of $235.5 million Free Cash Flow of $93.8 million Three Months Ended Nine Months Ended September 30, 2025 [...]
Strathcona Resources announced it has entered into a voting support agreement with Cenovus Energy concurrently with Cenovus entering into an amendment agreement with MEG Energy to increase the consideration offered by Cenovus to holders of common shares of MEG under the arrangement agreement dated August 21, 2025, as amended, to $30.00 in cash or 1.255 Cenovus common shares per MEG common share, subject to pro-ration [...]
Strathcona Resources Ltd. will release its third quarter 2025 financial and operating results after market close on November 5, 2025. Strathcona will host a conference call on November 6, 2025, starting at 9:00AM MT , to review the Company's third quarter 2025 results. Date: Thursday, November 6, 2025 Time: 11:00AM ET URL Entry: To join without operator assistance, register here up to 15 minutes before the start time [...]
Strathcona Resources Ltd. today announced: the termination of its take-over bid for MEG Energy Corp. , a meeting of shareholders to approve a special distribution of $10.00 / share, and a corporate update. Termination of MEG Offer As a result of the revised arrangement agreement between the MEG board of directors and Cenovus Energy Inc. , Strathcona believes the conditions to its Offer, or any reasonably improved offer [...]
Strathcona Resources responded to the recommendation by the Board of Directors of MEG Energy on September 15, 2025 to vote in favour of the arrangement agreement between MEG and Cenovus Energy announced on August 22, 2025, and to reject Strathcona's amended and extended take-over bid announced on Sept 8, 2025. Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly [...]
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 [...]
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 [...]
Strathcona Resources confirmed that it has purchased 6,035,600 common shares of MEG Energy Corp. today for aggregate consideration of approximately $172.7 million, in accordance with applicable securities laws. The average price paid for all MEG Shares purchased by Strathcona since the commencement of the Offer in accordance with applicable securities laws is $28.63 per MEG Share. The highest price paid for the MEG Shares [...]
Strathcona Resources announced today the anticipated form of the previously disclosed $2.142 billion special distribution on all of the issued and outstanding Strathcona common shares. The Special Distribution is expected to be completed as part of a statutory plan of arrangement that would entitle Strathcona shareholders to receive the Special Distribution as a dividend or, at their election, a return of capital. The [...]
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