It's the biggest takeover battle in Canada right now. Adam Waterous returns to In the Money with Amber Kanwar to make his case for why MEG Energy shareholders should vote for his offer. As Founder & Executive Chairman of Strathcona Resources he’s going head-to-head against Cenovus in a high-stakes bidding war. In this candid conversation, Adam explains why Strathcona raised its offer, what makes his all-share deal different from Cenovus’ largely cash bid, and why he believes MEG shareholders are leaving nearly $4 billion on the table if they don’t back his plan. He also tackles tough questions about shareholder concerns, Strathcona’s special dividend, and whether critics are right to call his stock “inflated paper.” Adam lambastes MEG's board for never engaging with him from the very beginning and tells how much Cenovus should have fork over to outbid him. If you want to understand what’s really at stake in the MEG Energy bidding war — and hear directly from the man behind one of the boldest plays in oil sands history — you won’t want to miss this interview. Timestamps 00:00 Show intro & details for swag giveaway 02:15 Adam Waterous tells Amber why he increased his offer for MEG Energy 06:20 Adam makes his sales pitch for why MEG shareholders should tender to Strathcona 14:00 Questions about Adam’s argument 16:25 Break 16:50 What kind of feedback is Adam getting from MEG shareholders? 18:50 How far is Adam willing to go to get MEG? 21:35 Pushback of shareholders 25:20 Is Strathcona using ‘inflated paper’ for the transaction? 29:00 Adam on the special dividend 31:35 Are there options for M&A other than MEG? 36:10 Why won’t Adam just offer a 4-handle and be done with it? 39:15 Does MEG’s rejection feel personal? 42:10 Adam believes MEG’s board is not acting in the best interests of shareholders 44:50 Where is Strathcona in two years? Why Adam is bullish on Canada’s oil sector 46:50 Mike Larson of the Moneyshow tells viewers about the upcoming event in Toronto Sponsors For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https:// raymondjames.ca today to discover how you can live a life well planned. Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information Links https://inthemoneypod.com/ https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypod
[email protected] Find tickets for Toronto’s MoneyShow at: https://toronto.moneyshow.com/ DISCLAIMERS The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact:
[email protected] #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews .
