Finance

Canadian operator launches hostile $4.2 billion takeover bid for Calgary rival

Strathcona Resources says MEG Energy has already rebuffed one offer

One of Strathcona Resources's key gas and condensate plays is the Montney which straddles Canada's Alberta and British Columbia provinces.
One of Strathcona Resources's key gas and condensate plays is the Montney which straddles Canada's Alberta and British Columbia provinces.Photo: STRATHCONA RESOURCES
North America Energy CorrespondentBaton Rouge
Published 16 May 2025, 16:00Updated 17 May 2025, 02:22
Strathcona ResourcesMEG EnergyCanadaCalgaryAmericas