Offer's share consideration exposes shareholders to a company with inferior assets

Selling by WEF and its investors to provide liquidity will put downward pressure on the share price

MEG is a uniquely attractive investment opportunity that warrants a premium valuation

MEG has initiated a strategic review of alternatives with the potential to surface an offer superior to the Company's compelling standalone plan

CALGARY, AB, June 16, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG", or the "Company") announced today that its Board of Directors (the "Board") has determined that Strathcona Resources Ltd.'s ("Strathcona") unsolicited bid to acquire all of the issued and outstanding MEG shares is inadequate, opportunistic, and NOT in the best interests of MEG or its shareholders.

CALGARY, AB, June 11, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) is providing an update on operations at its Christina Lake Regional Project (CLRP) following recent regional wildfires south of the facility.

MEG has safely returned all personnel to site and restored its connection to Alberta's electric grid.  In addition, MEG has commenced restarting Phase 2B operations after successful completion of the turnaround.

"We are deeply grateful for the unwavering support of Alberta's emergency responders, government agencies, and the electricity provider during this critical time," said Darlene Gates, President and CEO of MEG Energy. "Additionally, I want to extend my heartfelt thanks to our employees and contractors for their exceptional hard work, focus, and steadfast commitment to operating safely."

CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP.

As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused an outage to third-party power line infrastructure connecting CLRP to Alberta's electric grid, prompting MEG to safely disconnect from the grid.

CALGARY, AB, May 30, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) acknowledges the commencement by Strathcona Resources Ltd. ("Strathcona") of a conditional, unsolicited takeover bid (the "Offer") to acquire all of the issued and outstanding MEG common shares not already owned by Strathcona or its affiliates.

The MEG Board of Directors (the "Board"), together with its financial and legal advisors, will consider and evaluate the Offer and related takeover bid circular. To assist the Board in its evaluation of the Offer, the Board has formed a special committee comprised of independent directors (the "Special Committee").

CALGARY, AB, May 6, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) is pleased to announce that at its annual meeting of shareholders held on May 6, 2025 (the "Meeting"), all resolutions were approved as follows:

Election of Directors

Each of the ten (10) nominees listed in its Management Information Circular dated March 17, 2025, were elected as directors. The results of the shares voted in respect of the election of each director are set out below.

CALGARY, AB, May 6, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its first quarter 2025 operational and financial results.1

"The work we've done over the past few years establishes a strong financial foundation and lays the groundwork for the next phase of production growth. MEG is in an enviable position to deliver substantial growth in free cash flow per share even through uncertain commodity price environments," said Darlene Gates, President and Chief Executive Officer of MEG. "We remain focused on disciplined spending, operational excellence, and delivering value to our shareholders. We'll continue to navigate market dynamics with agility and prudence, ensuring we're well-positioned for long-term success."

CALGARY, AB, April 23, 2025 /CNW/ -

Results Release:

Tuesday, May 6, 2025 after market close

Conference Call Details:

Wednesday, May 7, 2025 8:30am ET / 6:30am MT

Dial-in Numbers:

Toll Free: 1.888.510.2154

International: 1.437.900.0527

Replay:

For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Wednesday, May 7, 2025 at: 

https://www.megenergy.com/investors/presentations-events/

About MEG

CALGARY, AB, April 11, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces that it has approved an amendment to its Restricted Share Unit Plan (the "Plan") to reduce the aggregate number of common shares available to be issued under the Plan to a rolling 4% of our outstanding common shares (the "Amendment"). The Amendment has been enacted in order to ensure that the aggregate shareholder value transfer ("SVT") under the Plan does not exceed the SVT benchmark as recently recommended by Institutional Shareholder Services ("ISS"). The Amendment will be voted upon at the upcoming annual meeting of the shareholders of MEG to be held at 1:00 pm MDT on May 6, 2025. 

CALGARY, AB, March 6, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces today that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "Bid").

Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 22,535,791 common shares of the Corporation. The Bid will become effective on March 11, 2025 and will terminate on March 10, 2026 or such earlier time as the Bid is completed or terminated at the option of MEG.

CALGARY, AB, Feb. 27, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its fourth quarter and full-year 2024 operational and financial results.1

"This was a significant year in the history of our company.  MEG achieved several key milestones in 2024, including our fourth straight year of record production, hitting our net debt target and establishing a program to return 100% of our free cash flow to shareholders including an inaugural base dividend," said Darlene Gates, President & Chief Executive Officer of MEG. "MEG is now positioned to grow production and free cash flow per share through share buybacks and our Facility Expansion Project."