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State: 15.07.2025 | 7AM
Mon, 16.06.2025       MEG Energy Corp.
CA5527041084

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.

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MEG Energy Corp.
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