Strathcona Ups Oil & Gas Role with MEG Bid, Hardisty Terminal

May 19, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Strathcona Resources Limited (Calgary, Alberta) is making some bold moves that could broaden its influence over Canada's Oil & Gas Industry. The producer recently added a major oil and gas terminal to its portfolio, and it launched a takeover bid for rival MEG Energy (Calgary, Alberta). If the acquisition goes forward, Strathcona would become Canada's fifth-largest oil producer. Industrial Info is tracking about US$2.9 billion worth of active and proposed projects from Strathcona, as well as about US$9 billion worth of proposed projects from MEG. Last week, Strathcona announced a takeover bid, totaling about C$5.93 billion (US$4.25 billion) in value. Other companies featured: USD Partners, ARC Resources Limited, Tourmaline Oil Corporation and Keyera Corporation