Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly C$6 billion ($4.42 billion) hostile takeover offer from Strathcona Resources , calling the bid inadequate and not ...

Strathcona and MEG both extract bitumen using steam-driven techniques in eastern Alberta and don't have fuel refining or retail businesses like some bigger oilsands players.

CALGARY, AB, May 30, 2025 /PRNewswire/ - Strathcona Resources Ltd. (" Strathcona ") announced today that it has formally commenced its offer (the " Offer ") to acquire all of the issued and ...

MEG Energy Corp ( (MEGEF)) has released its Q3 earnings. Here is a breakdown of the information MEG Energy Corp presented to its investors. MEG Energy Corp, a company specializing in the ...

CALGARY - Meg Energy Corp. says it earned $106 million in its fourth quarter, up from $103 million a year earlier. *Special offer only available to new subscribers or returning subscribers without ...

MEG Energy has reported strong third-quarter results for 2024, successfully reducing net debt and launching a plan to return 100% of free cash flow to shareholders through share buybacks and ...

CALGARY – Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier. Net earnings for the first three months of 2025 were $211 million, or 82 cents ...

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT* CALGARY — More than half of MEG Energy Corp.'s oil sales would be free from ...

CALGARY - MEG Energy says it earned $167 million in its third quarter, down from $249 million during the same quarter last year.

CALGARY — MEG Energy Corp.'s board of directors is urging shareholders to reject an unsolicited takeover offer by oilsands peer Strathcona Resources Ltd., calling it opportunistic and not in the ...

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT* CALGARY — Oilsands producer MEG Energy Corp. says its first-quarter profits more ...

CALGARY — Oilsands producer MEG Energy Corp. says its first-quarter profits more than doubled from a year earlier.