01:06:02 EST Wed 07 Jan 2026
Enter Symbol
or Name
USA
CA



Strathcona Resources Ltd
Symbol SCR
Shares Issued 214,235,608
Close 2025-10-28 C$ 36.20
Market Cap C$ 7,755,329,010
Recent Sedar Documents

FP says Cenovus Energy strikes Strathcona side deal

2025-10-28 08:42 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Financial Post reports in its Tuesday, Oct. 28, edition that Cenovus Energy has struck a side deal with Strathcona Resources in a move to clear away any remaining objections to the oil sands major's takeover bid for MEG Energy ahead of Thursday's shareholder vote. The Post's Meghan Potkins writes that in a release Monday morning, Cenovus announced it had amended its agreement to acquire MEG -- though the 50-per-cent stock, 50-per-cent cash offer to shareholders appeared unchanged, currently valuing MEG at $30 per share, or $8.6-billion in total, based on Friday's closing price. The key change appears to be a new agreement with rival suitor Strathcona aimed at securing voting support for Cenovus's takeover. Strathcona -- MEG's largest shareholder with a 14.2-per-cent interest in the company -- had previously threatened to vote against the deal. Under a new agreement with Cenovus, Strathcona is set to purchase Cenovus's Vawn thermal project and undeveloped heavy oil properties at Lindbergh, Plover Lake and Glenbogie for $150-million -- $75-million up front, and a further $75-million, depending on future oil prices.

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