Oil Sands

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Is Canadian Natural the Oil Sands Name to Own Right Now?
ZACKS· 2025-10-06 12:40
Key Takeaways Canadian Natural's oil sands output rose 13% in Q2 2025, reaching 464,000 barrels per day.Stable, low-decline assets and cost efficiencies underpin CNQ's resilient production base.Strong free cash flow and balance sheet support reinvestment in growth and upgrading projects.Canadian Natural Resources Limited ((CNQ) continues to demonstrate the strength of its Oil Sands Mining & Upgrading operations, underscoring the reliability that anchors its broader production profile. In the last reported q ...
X @Bloomberg
Bloomberg· 2025-09-26 17:36
A prominent shareholder adviser recommended investors vote in favor of Cenovus Energy’s C$7.3 billion takeover of MEG Energy, boosting the oil producer’s bid to consolidate Canada’s oil sands sector https://t.co/tSfNG7iwGQ ...
Greenfire Resources (GFR) Falls Following Rating Downgrade
Yahoo Finance· 2025-09-26 16:02
The share price of Greenfire Resources Ltd. (NYSE:GFR) fell by 6.02% between September 18 and September 25, 2025, putting it among the Energy Stocks that Lost the Most This Week. Greenfire Resources (GFR) Falls Following Rating Downgrade Greenfire Resources Ltd. (NYSE:GFR) is an oil sands producer that is actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada. Greenfire Resources Ltd. (NYSE:GFR) took a hit after BMO Capital analyst Tariq Saad down ...
Cenovus CEO defends MEG Energy bid, which is 'fair and final'
Reuters· 2025-09-19 17:28
Core Viewpoint - The CEO of Cenovus Energy defended the company's bid for MEG Energy, asserting that the offer is both fair and final [1] Group 1 - Cenovus Energy is facing criticism regarding its acquisition bid for MEG Energy [1] - The CEO emphasized the fairness of the offer made to MEG Energy [1] - The bid is described as final, indicating no intention to negotiate further [1]
Cenovus hikes bid for MEG Energy to C$28.44 per share
Reuters· 2025-09-18 22:41
Group 1 - Cenovus Energy has increased its takeover offer for MEG Energy to C$28.44 per share from C$27.25 [1] - This move intensifies a months-long bidding war for the Canadian oil sands producer [1]
MEG Energy urges investors to reject Strathcona's sweetened bid, backs Cenovus deal
Reuters· 2025-09-15 12:16
Core Viewpoint - MEG Energy has urged its shareholders to reject the enhanced takeover bid from Strathcona Resources and has reaffirmed its support for a sale to Cenovus [1] Group 1: Company Actions - MEG Energy is advocating for shareholders to reject the takeover offer from its majority stakeholder, Strathcona Resources [1] - The company has expressed continued support for a sale to Cenovus, indicating a preference for this transaction over the Strathcona bid [1] Group 2: Stakeholder Dynamics - Strathcona Resources has made a sweetened takeover bid for MEG Energy, which the company is advising shareholders to reject [1] - The situation highlights the competitive dynamics between Strathcona Resources and Cenovus in the context of MEG Energy's potential sale [1]
X @Bloomberg
Bloomberg· 2025-09-15 11:50
Mergers and Acquisitions - MEG Energy's board rejected Strathcona's improved acquisition offer [1] - The board recommends shareholders accept Cenovus's competing offer [1]
Cenovus Energy CEO won't increase offer for MEG Energy - Bloomberg
Seeking Alpha· 2025-09-10 16:45
Cenovus Energy's (NYSE:CVE) CEO said the company won't increase its takeover offer for oil sands producer MEG Energy Corp. (TSX:MEG:CA) even after a higher rival bid from Strathcona Resources (TSX:SCR:CA). “We’re paying at the highest end of the range," Cenovus CEO ...
Cenovus 'closing the door' on higher bid for MEG Energy, CEO tells Bloomberg News
Reuters· 2025-09-10 14:33
Canada's Cenovus Energy does not plan to raise its bid for oil sands producer MEG Energy , despite a higher offer from Strathcona Resources , its CEO Jon McKenzie told Bloomberg News on Wednesday. ...
Suncor Energy: The Multi-Decade Oil Sands Opportunity
Seeking Alpha· 2025-08-25 08:06
Company Overview - Suncor Energy is one of the largest synthetic crude oil sands companies with a market capitalization of nearly $50 billion [2] Operational Performance - The company has continued to set new records with its operations, indicating strong performance in its sector [2] Investment Strategy - The Value Portfolio focuses on building retirement portfolios using a fact-based research strategy, which includes extensive analysis of 10Ks, analyst commentary, market reports, and investor presentations [2]