MEG Energy's Big Decision: What Calgary Needs to Know

Heads up, Calgary! A major decision for our city’s pivotal energy sector is on the horizon as MEG Energy pushes its crucial shareholder meeting to next Thursday, November 6, 2025, at 9 a.m. Calgary Time. The gathering, which will shape MEG’s proposed deal with Cenovus Energy, can be attended in person at the iconic Brookfield Place or via live webcast.

This delay comes as MEG responds to a regulatory inquiry, promising a full disclosure by Friday, October 31, 2025. For those shareholders who haven't yet cast their vote on this significant transaction, the clock is ticking: you have until November 5, 2025, at 9 a.m. to do so. Already, 86% of proxies are reportedly backing the deal, with MEG's Board strongly recommending a "for" vote.

This potential merger between two significant Calgary-based energy players like MEG and Cenovus, an anchor tenant at Brookfield Place, reflects a broader trend of consolidation within Canada's energy sector, driven by strategic growth and strong commodity prices. Should you need to change your election choice, the deadline is extended to 4:30 p.m. on November 5. For more information or assistance, reach out to Sodali & Co. Don't miss this pivotal moment that could certainly ripple through the Calgary energy scene!