The shareholders of Cenovus Energy and MEG Energy have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of MEG Energy will be exchanged for $30.00 in cash or 1.255 shares of Cenovus Energy for each MEG Energy share held, subject to proration such that the aggregate consideration paid to MEG [...]
MEG Energy is pleased to announce that the Court of King's Bench of Alberta has granted the final order in respect of the previously announced plan of arrangement under Section 193 of the Business Corporations Act involving MEG, holders of common shares of MEG and Cenovus Energy. The Cenovus Transaction was approved by MEG Shareholders at a special [...]
MEG Energy reported its third quarter 2025 operational and financial results. "Our strong third quarter results are a testament to MEG's journey as a top-tier oil sands producer, built on the dedication, expertise, and innovation of our people," said Darlene Gates, President and CEO. "I am deeply proud of what we have accomplished together. I want [...]
MEG Energy is pleased to announce that today at its special meeting of holders of common shares of MEG, MEG Shareholders voted in favour of the previously announced plan of arrangement involving MEG, MEG Shareholders and Cenovus Energy. At the Meeting, the special resolution approving the Cenovus Transaction was approved by 86.15% of the votes cast [...]
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 [...]
MEG Energy is providing additional disclosure regarding the previously announced asset transaction between Strathcona Resources and Cenovus Energy, as initially disclosed in its press release of Oct 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, 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
