Strathcona Resources

“Strathcona Resources has agreed to buy rival Canadian oil sands group Greenfire Resources (NYSE: GFR) for between C$2.7 billion and C$2.9 billion in cash and stock.”

“The combined business will be the 4th largest SAGD operator in Canada and the only company with significant operations across all three major oil sands deposits.”

“Waterous Energy Fund controls both companies, with nearly a 57% stake in Strathcona and a 72% position in Greenfire.”