Annuncio • Nov 14

Cenovus Energy Inc. (TSX:CVE) completed the acquisition of MEG Energy Corp. (TSX:MEG) from Strathcona Resources Ltd. (TSX:SCR) and others.

Cenovus Energy Inc. (TSX:CVE) entered into an arrangement agreement to acquire MEG Energy Corp. (TSX:MEG) from Strathcona Resources Ltd. (TSX:SCR) and others for CAD 7.7 billion on August 21, 2025. A cash consideration will be paid by Cenovus Energy Inc. Under the terms of the Transaction, each holder of MEG Shares (a “MEG Shareholder”) will have the option to elect to receive for each MEG Share (i) CAD 27.25 in cash; or (ii) 1.325 Cenovus common shares (each whole share, a “Cenovus Share”), subject to pro-ration based on a maximum amount of cash and Cenovus Shares set out in the Arrangement Agreement. On a fully pro-rated basis, consideration per MEG Share represents approximately CAD 20.44 in cash and 0.33125 of a Cenovus Share. As on September 8, 2025, Cenovus will acquire all issued and outstanding MEG shares, that values MEG at CAD 27.76 per share or CAD 8 billion, inclusive of assumption of MEG's debt. The value of consideration payable under the Arrangement Agreement represents a mix of 75% cash and 25% Cenovus Shares. The transaction will be financed through term loan of CAD 2.7 billion and bridge facility of CAD 2.5 billion. As of October 08, 2025, Cenovus Energy amended the agreement, under the terms of the Amended Agreement, each MEG shareholder will have the option to elect to receive, for each MEG common share, (i) CAD 29.50 in cash; or (ii) 1.240 Cenovus common shares, subject to rounding and pro-ration based on a maximum amount of CAD 3.8 billion in cash and a maximum of 157.7 million Cenovus common shares increasing the Aggregate Consideration to CAD 7.6 billion. The pro-rated consideration represents a mix of 50% cash and 50% Cenovus common shares. As of October 26, 2025, MEG Energy Corp. entered into a second amending agreement (the "Second Amending Agreement") with Cenovus Energy Inc. The Second Amending Agreement increases the consideration payable to holders ("MEG Shareholders") of common shares of MEG ("MEG Shares") to CAD 30.00 per MEG Share (the "Improved Transaction Consideration") based on Cenovus's closing share price on October 24, 2025. The Improved Transaction Consideration represents a 47% premium to MEG's unaffected 20-day volume-weighted share price as of May 15, 2025, the last trading day preceding the first public announcement by Strathcona Resources Ltd. ("Strathcona") that it intended to acquire MEG, and an increase of CAD 0.43 per MEG Share from the market value as of October 24, 2025, of the consideration (the "Prior Transaction Consideration") offered by Cenovus under the First Amending Agreement. Under the revised transaction with Cenovus, pursuant to the terms of the Second Amending Agreement (the "Improved Cenovus Transaction"), each MEG Shareholder will have the option to elect to receive: CAD 30.00 in cash per MEG Share ("Cash Consideration"); 1.255 Cenovus common shares (each whole share, a "Cenovus Share") per MEG Share ("Share Consideration"); or a combination thereof, in all cases, subject to rounding and proration based on maximum aggregate Cash Consideration of approximately CAD 3.8 billion and maximum aggregate Share Consideration of approximately 159.6 million Cenovus Shares, as set out in the Arrangement Agreement, as amended by the First Amending Agreement and the Second Amending Agreement. The value of the Improved Transaction Consideration represents a mix of 50% cash and 50% Cenovus Shares. On a fully prorated basis, consideration per MEG Share represents approximately CAD 15.00 in cash and 0.6275 of a Cenovus Share. The consideration to be received by MEG Shareholders values MEG at CAD 30.00 per MEG Share on a fully prorated basis based on Cenovus's closing share price on October 24, 2025, representing an enterprise value of approximately CAD 8.6 billion, including assumed debt. The Special Committee, with the support of its financial and legal advisors, conducted a comprehensive review of all available alternatives to maximize value. Holders of Cenovus Shares and MEG Shareholders are expected to own approximately 95.5% and 4.5% of Cenovus, respectively, following the completion of the Arrangement. In case of termination CAD 242 million is payable by MEG Energy to Cenovus Energy and Cenovus Energy to MEG Energy. The MEG Board, informed in part by the recommendation of the Special Committee, and after considering advice from its external financial and legal advisors, has unanimously: (i) determined that the Arrangement is in the best interests of MEG; (ii) determined that the Arrangement is fair to the MEG Shareholders; (iii) approved the Arrangement Agreement and the transactions contemplated thereby; and (iv) resolved to recommend that the MEG Shareholders vote in favour of the Transaction at the Meeting. The Transaction requires approval by at least 662/3% of the votes cast at the Meeting by MEG Shareholders represented in person or by proxy. The Transaction is subject to a number of other conditions including certain required regulatory and government approvals, Anti trust approval, approval of the Court of King's Bench of Alberta, listing approval and Closing of the Arrangement is expected to occur early in the fourth quarter of 2025. As per the filing announced on September 19, 2025, the transaction is expected to close on November 13, 2025. MEG Energy Corp.’s board turned down Strathcona Resources Ltd.’s sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival proposal from Cenovus Energy Inc. As on October 21, 2025, Cenovus’s proposed acquisition of MEG has been postponed from October 22, 2025, to October 30, 2025. MEG understands that, concurrently with the execution of the Second Amending Agreement, Cenovus has entered into an agreement with Strathcona (the "SCR Support Agreement") pursuant to which Strathcona, holding 36.1 million MEG Shares representing 14.2% of the outstanding MEG Shares, has agreed to vote, subject to the terms of the SCR Support Agreement, all of such MEG Shares FOR the Improved Cenovus Transaction. As of October 27, 2025, The MEG board unanimously recommends MEG shareholders vote FOR the improved Cenovus transaction. As of November 6, 2025, MEG Energy Corp. shareholders approved the transaction. BMO Nesbitt Burns Inc, Grant Zawalsky and Bronwyn Inkster of Burnet, Duckworth & Palmer LLP are acting as financial advisor and Fairness Opinion and legal counsel, respectively, to the MEG Energy. RBC Dominion Securities Inc and Evelyn Li, Dion J. Legge, Katherine Prusinkiewicz and Justin E. Ferrara of Norton Rose Fulbright Canada LLP are acting as financial advisor, Fairness Opinion and legal counsel, respectively, to the Special Committee. Yuni Yan Sobel, Stephen C. Centa, Christopher J.Cummings and Adam M. Givertz of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Cenovus Energy Inc. (TSX:CVE). John Piasta of McCarthy Tétrault LLP acted as legal advisor to Cenovus Energy. Morrow Sodali (Canada) Ltd acted as proxy solicitor to MEG Energy and will receive a fee of CAD 0.25 million. Computershare Trust Company of Canada acted as transfer agent to MEG Energy. David Miller, John Greer, Bryant Lee, Krisa Benskin, Jason Cruise, Peter Todaro, Matthew Piehl and Joseph Bargnesi of Latham & Watkins LLP acted as legal advisor to MEG Energy. Goldman Sachs Canada Inc. and CIBC Capital Markets are acting as financial advisors to Cenovus. Computershare Investor Services Inc. acted as depository for MEG in the transaction. Cenovus Energy Inc. (TSX:CVE) completed the acquisition of MEG Energy Corp. (TSX:MEG) from Strathcona Resources Ltd. (TSX:SCR) and others on November 13, 2025. The MEG common shares are expected to be delisted by the Toronto Stock Exchange at the close of market on November 14, 2025.

Punteggio fiocco di neve
Valutazione	4/6
Crescita futura	3/6
Prestazioni passate	0/6
Salute finanziaria	4/6
Dividendi	1/6

Prezzi storici delle azioni
Prezzo attuale dell'azione	CA$27.15
Massimo di 52 settimane	CA$40.52
Minimo di 52 settimane	CA$18.23
Beta	-0.29
Variazione di 1 mese	-13.67%
Variazione a 3 mesi	-10.31%
Variazione di 1 anno	22.50%
Variazione a 3 anni	n/a
Variazione a 5 anni	n/a
Variazione dall'IPO	34.31%

	STHR.F	US Oil and Gas	US Mercato
7D	-4.2%	0.9%	-2.6%
1Y	22.5%	20.3%	20.0%

STHR.F volatility
STHR.F Average Weekly Movement	7.6%
Oil and Gas Industry Average Movement	6.3%
Market Average Movement	7.3%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	3.2%

STHR.F statistiche fondamentali
Capitalizzazione di mercato	US$5.85b
Utili (TTM)	US$177.71m
Ricavi(TTM)	US$2.60b

STHR.F Conto economico (TTM)
Ricavi	CA$3.69b
Costo del fatturato	CA$2.13b
Profitto lordo	CA$1.56b
Altre spese	CA$1.31b
Utili	CA$252.00m

Utile per azione (EPS)	1.18
Margine lordo	42.33%
Margine di profitto netto	6.83%
Rapporto debito/patrimonio netto	48.8%

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/06/26 08:03
Prezzo dell'azione a fine giornata	2026/06/26 00:00
Utili	2026/03/31
Utili annuali	2025/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
Patrick O'Rourke	ATB Cormark
Randy Ollenberger	BMO Capital Markets Equity Research
Dennis Fong	CIBC Capital Markets

Strathcona Resources (STHR.F) Panoramica del titolo

Premi

Analisi del rischio

Concorrenti di Strathcona Resources Ltd.

Matador Resources

SM Energy

Murphy Oil

Magnolia Oil & Gas

Storia dei prezzi e prestazioni

Notizie e aggiornamenti recenti

Strathcona Resources Ltd. Announces Quarterly Dividend, Payable on March 27, 2026

Strathcona Resources Ltd., Annual General Meeting, Apr 21, 2026

Strathcona Resources Ltd. (TSX:SCR) acquired Vawn Thermal Project and Certain Undeveloped Thermal Lands at Lindbergh, Plover Lake and Glenbogie from Cenovus Energy Inc. (TSX:CVE).

Strathcona Resources Ltd. Receives Court Approval for Special Distribution, Payable on December 22, 2025

Cenovus Energy Inc. (TSX:CVE) completed the acquisition of MEG Energy Corp. (TSX:MEG) from Strathcona Resources Ltd. (TSX:SCR) and others.

Strathcona Resources Ltd. Announces Unchanged Production Guidance for 2026

Recent updates

Strathcona Resources Ltd. Announces Quarterly Dividend, Payable on March 27, 2026

Strathcona Resources Ltd., Annual General Meeting, Apr 21, 2026

Strathcona Resources Ltd. (TSX:SCR) acquired Vawn Thermal Project and Certain Undeveloped Thermal Lands at Lindbergh, Plover Lake and Glenbogie from Cenovus Energy Inc. (TSX:CVE).

Strathcona Resources Ltd. Receives Court Approval for Special Distribution, Payable on December 22, 2025

Cenovus Energy Inc. (TSX:CVE) completed the acquisition of MEG Energy Corp. (TSX:MEG) from Strathcona Resources Ltd. (TSX:SCR) and others.

Strathcona Resources Ltd. Announces Unchanged Production Guidance for 2026

Strathcona Resources Ltd. to Report Q3, 2025 Results on Nov 05, 2025

Strathcona Resources Ltd. (TSX:SCR) acquired a 2.40% stake in MEG Energy Corp. (TSX:MEG) for approximately $170 million.

Strathcona Resources Ltd. (TSX:SCR) completed the acquisition of 2.6% stake in MEG Energy Corp. (TSX:MEG) for CAD 190.8 million.

Strathcona Resources Ltd. (TSX:SCR) signed a letter of intent to acquire 5% stake in MEG Energy Corp. (TSX:MEG).

Strathcona Resources Ltd. Declares Quarterly Dividend, Payable on September 22, 2025

Strathcona Resources Ltd. to Report Q2, 2025 Results on Aug 07, 2025

ARC Resources Ltd. (TSX:ARX) Completed the acquisition of Kakwa asset of Strathcona Resources Ltd from Strathcona Resources Ltd. (TSX:SCR).

Strathcona Resources Ltd. Provides Production Guidance for the Second Quarter, Third Quarter, Fourth Quarter 2025 and Updates Production Guidance for the Full Year 2025

Tourmaline Oil Corp. (TSX:TOU) agreed to acquire Groundbirch asset of Strathcona Resources Ltd. (TSX:SCR) for approximately $290 million.

Strathcona Resources Ltd. to Report Q1, 2025 Results on May 15, 2025

Strathcona Resources Ltd Appoints Steve Fagan as Director

Strathcona Resources Ltd. Declares Quarterly Dividend, Payable on March 31, 2025

Strathcona Resources Ltd., Annual General Meeting, Apr 16, 2025

Strathcona Resources Ltd. to Report Q4, 2024 Results on Mar 05, 2025

Strathcona Resources Ltd. Declares Quarterly Dividend, Payable on December 31, 2024

Strathcona Resources Ltd. Announces the Retirement of Rob Morgan as CEO, Effective October 31, 2024

Strathcona Resources Ltd. to Report Q3, 2024 Results on Nov 13, 2024

Strathcona Resources Ltd. to Report Q2, 2024 Results on Aug 13, 2024

Strathcona Resources Ltd. Reaffirms Production Guidance for the Year 2024

Strathcona Resources Ltd. Elects Steve Fagan and Rob Morgan as Directors

Strathcona Resources Ltd. to Report Q1, 2024 Results on May 14, 2024

Strathcona Resources Ltd., Annual General Meeting, May 07, 2024

Strathcona Resources Ltd. to Report Q4, 2023 Results on Mar 26, 2024

Strathcona Resources Ltd. to Report Q3, 2023 Results on Nov 14, 2023

Strathcona Resources, Ltd. completed the acquisition of Pipestone Energy Corp. (TSX:PIPE) from GMT Capital Corp. and others in a reverse merger transaction.

Strathcona Resources, Ltd. entered into a definitive agreement to acquire Pipestone Energy Corp. (TSX:PIPE) in a reverse merger transaction.

Rendimenti per gli azionisti

Volatilità dei prezzi

Informazioni sull'azienda

Strathcona Resources Ltd. Riepilogo dei fondamenti

Utili e ricavi

Dividendi

Analisi aziendale e situazione dei dati finanziari

Fonti dei dati

Modello di analisi e Snowflake

Metriche di settore e industriali

Fonti analitiche