Results Release: Monday, November 10, 2025 after market close The Company's financial statements will be available on MEG's website at www.megenergy.com. About MEG MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil to [...]
All amounts in Canadian dollars unless specified. MEG Energy Corp. is providing additional disclosure regarding the previously announced asset transaction between Strathcona Resources Ltd. and Cenovus Energy Inc. , as initially disclosed in its press release of October 27, 2025. As previously announced, MEG entered into a second amending agreement with Cenovus to amend the arrangement agreement between MEG and Cenovus [...]
Deadline for MEG Shareholders to deposit their proxies to vote on the Cenovus Transaction extended to Wednesday, November 5, 2025 at 9:00 a.m. As of today's date, of those MEG Shares represented by proxy or expected to be voted in person at the Meeting, 86% of all such MEG Shares, and 83% of all such MEG Shares, excluding the MEG Shares held by Strathcona, were FOR the Cenovus Transaction Deadline for MEG Shareholders to [...]
Improved Transaction Consideration of $30.00 per MEG Share Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares The MEG Board recommends MEG Shareholders vote FOR the Improved Cenovus Transaction The Meeting date remains unchanged and the Meeting will occur on Thursday, October 30, 2025 at 9:00 a.m. For questions or assistance with voting or making elections, contact Sodali & Co [...]
Approximately 63% of the MEG Shares represented by proxy or expected to be voted in person at the Meeting are FOR the approval of the Cenovus Transaction, despite opposition from Strathcona which is assumed to have voted against the Cenovus Transaction The Meeting has been postponed, pursuant to Cenovus exercising its contractual postponement right, to Thursday, October 30, 2025 at 9:00 a.m. to allow MEG Shareholders [...]
The Improved Cenovus Transaction is valued at $29.79 per MEG Share as of close of market on October 10, 2025, payable 50% in cash and 50% in highly liquid Cenovus Shares MEG Shareholders are encouraged to make an election with respect to their preferred form of consideration to be received for the Improved Cenovus Transaction ahead of the Revised Election Deadline of Monday, October 20, 2025 at 4:30 p.m. MEG Shareholders [...]
Waterous Energy Fund Management Corp. , in its capacity as manager of Waterous Energy Fund III LP, Waterous Energy Fund III LP, Waterous Energy Fund III LP, Waterous Energy Fund III LP and Waterous Energy Fund III LP and as manager of certain other limited partnerships, including but not limited to, Waterous Energy Fund LP, Waterous Energy Fund LP, Waterous Energy Fund LP and Waterous Energy Fund II Aggregator LP , today [...]
Improved Cenovus Transaction involves consideration of $29.79 per MEG Share as of close of market on October 10, 2025 MEG has filed the Amending Agreement in connection with the Improved Cenovus Transaction The MEG Shareholder meeting has been postponed to Wednesday, October 22, 2025 at 9:00 a.m. to allow MEG Shareholders additional time to deposit proxies and vote FOR the Improved Cenovus Transaction Improved Cenovus [...]
Improved Transaction Consideration of $29.80 per MEG Share represents an increase of $2.35 per MEG Share from the announced value of the Initial Transaction Consideration Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares Increased equity component provides MEG Shareholders with additional upside participation in Cenovus, an industry-leading producer with significant scale [...]
Deadline Alert: Time is running short. MEG Shareholders must deposit their proxies in order to vote FOR the Cenovus Transaction ahead of the proxy deadline of October 7, 2025 at 9:00 a.m. MEG Shareholders are also encouraged to make an election with respect to their preferred form of consideration to be received for the Cenovus Transaction ahead of the election deadline of October 7, 2025 at 4:30 p.m. The MEG Board and [...]
Glass Lewis highlights that the Cenovus Transaction "offers clear industrial logic, synergies, and diversification benefits that provide a stronger long-term platform for MEG's assets" Cenovus Transaction accelerates value realization from MEG's standalone plan, delivering production capacity of 150,000 bpd at Christina Lake by 2028 through incremental capital investment Cenovus Transaction provides MEG Shareholders with [...]
ISS highlights that "by all accounts, there seems to be little doubt that a transaction with Cenovus should unlock substantial synergy value" and is "the most prudent path forward" Cenovus Transaction accelerates value realization from MEG's standalone plan, provides MEG Shareholders with substantial cash and highly liquid share consideration and upside participation in long-term value creation potential MEG announces [...]
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