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Strathcona Upping MEG Stake, Against $5.7B Cenovus Deal

By Jade Martinez-Pogue ( August 29, 2025, 2:53 PM EDT) -- North American oil producer Strathcona Resources Ltd. has unveiled plans to up its stake in Canadian oil sands producer MEG Energy by 5%, a move that marks an attempt to block Cenovus Energy's planned CA$7.9 billion ($5.7 billion) takeover of MEG....

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