Why Strathcona Wants MEG Energy, And What It Will Pay For It

Trapping Value
Investing Group Leader

Summary

  • Strathcona's asset sales have created a debt-free balance sheet, positioning it well for an acquisition battle and potential valuation expansion.
  • The hostile bid for MEG Energy undervalues the company.
  • We go over the mechanics behind the deal and tell you why you should expect a higher bid for MEG Energy.
  • Sitewide Sale 2025: Get 20% Off
Oilsands Refinery

dan_prat/E+ via Getty Images

All values are in CAD unless noted otherwise

We have previously covered MEG Energy (TSX:MEG:CA). We turned bullish on this in December 2024 and added another buy rating in March 2025. The stock was actually a good deal lower since

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About MEG:CA Stock

SymbolLast Price% Chg
MEG:CA
25.57-0.54%
Chart
Combination chart with 2 data series.
The chart has 1 X axis displaying Time. Data ranges from 2025-01-06 00:00:00 to 2025-07-04 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 18.53 to 27.
End of interactive chart.
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