Strathcona Resources confirmed that it has purchased 6,664,400 common shares of MEG Energy Corp. today for aggregate consideration of approximately $190.8 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 $28.64 per MEG Share. The highest price paid for the MEG Shares [...]
Strathcona Resources announced that it intends, subject to market conditions, to purchase an additional 5% of the outstanding common shares of MEG Energy Corp. in accordance with applicable securities laws and the Offer. Strathcona currently owns 23.4 million MEG Shares, representing approximately 9.2% of the issued and outstanding MEG Shares. Under applicable Canadian securities laws, while the Offer is outstanding [...]
Strathcona Resources reported its second quarter 2025 financial and operating results. The Board of Directors also declared a quarterly dividend of $0.30 per common share. During the three months ended June 30, 2025 the Company entered into three separate asset purchase and sale agreements to dispose of its Montney assets, the results from which have been presented in the Company's interim financial statements and [...]
Strathcona Resources will release its second quarter 2025 financial and operating results after market close on August 7, 2025. Strathcona will host a conference call on August 8, 2025, starting at 9:00AM MT, to review the Company's second quarter 2025 results. Date: Friday, August 8, 2025 Time: 11:00AM ET URL Entry: To join without operator assistance, register here up to 15 minutes before the start time. Enter your name [...]
Strathcona Resources is pleased to confirm the closing of its previously announced Montney asset sales, for total value of approximately $2.86 billion including closing adjustments. The sale of its Groundbirch asset closed on June 1, 2025, and the sale of its Kakwa and Grande Prairie assets closed today. Strathcona is now a pure-play heavy oil company producing approximately 120 Mbbls / d with a 50-year 2P reserves life [...]
Strathcona Resources responded to the June 16, 2025 directors' circular filed by the Board of Directors of MEG Energy in response to the offer by Strathcona to acquire all of the issued and outstanding common shares of MEG not already owned by Strathcona as set out in the Offer to Purchase and Bid Circular dated May 30, 2025. Support For Strategic Alternatives Process Adam Waterous, Executive Chairman of Strathcona, said [...]
Strathcona Resources Ltd. announced today that it has formally commenced its offer to acquire all of the issued and outstanding common shares of MEG Energy Corp. not already owned by Strathcona or its affiliates for 0.62 of a common share of Strathcona and $4.10 in cash per common share of MEG . The notice and advertisement of the Offer has been placed for publishing in The Globe and Mail and Le Devoir, and the Offer is [...]
Strathcona Resources Ltd. announced today that it intends to commence a take-over bid for MEG Energy Corp. , pursuant to which Strathcona will offer to acquire all of the issued and outstanding common shares of MEG , not already owned by Strathcona or its affiliates, for 0.62 of a common share of Strathcona and $4.10 in cash per MEG Share. Based on the closing share price of the Strathcona Shares on the Toronto Stock [...]
Strathcona Resources Ltd. today reported its first quarter 2025 financial and operational results and disclosed an investment in MEG Energy Corp. The Board of Directors also declared a quarterly dividend of $0.30 per share Q1 2025 Highlights Production of 194,609 boe/d Operating Earnings of $322.4 million Free Cash Flow of $184.0 million Three Months Ended March 31, 2025 March 31, 2024 December 31, 2024 WTI 71.42 76.96 [...]
Strathcona Resources Ltd. is pleased to announce that it has entered into definitive agreements to sell substantially all of its Montney assets for approximately $2.84 billion, pursuant to three separate transactions: The sale of its Kakwa asset to ARC Resources Ltd. for approximately $1,695 million in total value The sale of its Grande Prairie asset for approximately $850 million in total value The sale of its [...]
Strathcona Resources Ltd. will release its first quarter 2025 financial and operating results after market close on May 15, 2025. Strathcona will host a conference call on May 16, 2025, starting at 9:00AM MT , to review the Company's first quarter 2025 results. Date: Friday, May 16, 2025 Time: 11:00AM ET URL Entry: To join without operator assistance, register here up to 15 minutes before the start time. Enter your name [...]
Strathcona Resources Ltd. today reported its voting results from its annual meeting of shareholders held on April 16, 2025 . All matters presented at the Meeting were approved including the election of all nine nominees listed in the management information circular dated March 4, 2025. The complete results of voting for business considered at the Meeting are set out below: Voting Results 1. Election of Directors The [...]
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