Business Combinations
Pipestone
Acquisition Date:3 October, 2023On Oct. 3, 2023, Strathcona transitioned to become a publicly traded company after completing the acquisition of Montney-focused oil and gas company Pipestone Energy Corp. Strathcona trades on the Toronto Stock Exchange under the symbol SCR.
Serafina
Acquisition Date:29 August, 2022On August 29, 2022, Strathcona completed the acquisition of privately held and primarily Saskatchewan-based heavy oil company
Serafina Energy Ltd.
Stickney
Acquisition Date:31 January, 2022On January 31, 2022, Strathcona and Waterous Energy Fund jointly acquired the Tucker asset through an acquisition entity named Stickney Resources Ltd. (“Stickney”).
From January 31 to March 11, 2022, Stickney operated as a separate entity from Strathcona. Strathcona acted as administrative service provider for this period.
On March 11, 2022, Stickney was amalgamated into Strathcona.
Caltex
Acquisition Date:30 November, 2021On November 30, 2021, Strathcona and affiliates of Waterous Energy Fund jointly acquired all of the outstanding shares of Caltex Resources Ltd. (“Caltex”). As Caltex was a private company, there will be no 2021 tax slips issued by Strathcona for the share purchase.
From November 30, 2021 to March 11, 2022, Caltex operated as a separate entity from Strathcona. Strathcona acted as administrative service provider for this period.
On March 11, 2022, Caltex was amalgamated into Strathcona.
Osum
Acquisition Date:11 June, 2021On June 11, 2021, Waterous Energy Fund announced the amalgamation of Strathcona Resources Ltd. and Osum Oil Sands Corp.
Strath & Cona
Acquisition Date:14 August, 2020On August 14, 2020, Cona Resources Ltd. (“Cona”) and Strath Resources Ltd. (“Strath”) amalgamated to form Strathcona Resources Ltd. (“Strathcona”).
Pengrowth
Acquisition Date:7 January, 2020On January 7, 2020, Cona Resources Ltd. (“Cona“) acquired Pengrowth Energy Corporation (“Pengrowth”) by way of a plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement”). Pursuant to the Arrangement, former shareholders of Pengrowth received:
- cash consideration of C$0.05 per share; and
- a right to each shareholder’s pro-rata portion of any proceeds with respect to Pengrowth’s ongoing litigation with Grand Valley Resources Corp. (the “GVR Litigation”) as a dividend in kind.
As part of the Arrangement, on closing, the GVR Litigation and any proceeds with respect to the GVR Litigation, less applicable costs, were assigned to a litigation trustee to be held in trust for the former shareholders of Pengrowth. On Dec 18, 2019, the Court of Queen’s Bench of Alberta issued a decision in favour of Pengrowth. The counterparty to the GVR Litigation has appealed this decision.
On Apr 2, 2020, the Litigation Trust announced the sale of all the issued and outstanding shares of the Litigation Trust, along with all rights to the GVR Litigation, to Omni Bridgeway. All former Pengrowth shareholders will receive approximately C$0.025 per share. Click here for the news release.
For information regarding Cona’s acquisition of Pengrowth, please refer to the acquisition documents and historical news releases issued by Pengrowth, which can be found on SEDAR (the System for Electronic Document Analysis and Retrieval) here. A selection of documents regarding Cona’s acquisition of Pengrowth can also be found using the navigation above.
2020 Tax Slips
Former Pengrowth shareholders will receive tax slips for 2020 (form T5008) for the C$0.05 per share received from Strathcona by the end of February 2021. Registered shareholders should receive their tax slip from Computershare and beneficial shareholders should receive their tax slip from their broker.
All matters regarding the Litigation Trust (including any tax slips relating to the $0.025 per share distribution) are managed by the Litigation Trust. The Litigation Trust is not connected to Strathcona and as such we are unable to comment on any matters relating to the Litigation Trust.
Acquisition Documents
Prior to January 7, 2020, Pengrowth was a publicly traded company. Pengrowth’s publicly disclosed documents can be found on SEDAR (the System for Electronic Document Analysis and Retrieval) here. Select documents can also be found below or by using the navigation on the left.
Materials for Special Meeting of Shareholders and Secured Debtholders held on December 18, 2019
Arrangement Agreement amended and restated on November 13, 2019
2019 Financial Information
- Q3: Financial Statements
- Q3: Management’s Discussion & Analysis
- Q2: Financial Statements
- Q2: Management’s Discussion & Analysis
- Q1: Financial Statements
- Q1: Management’s Discussion & Analysis
2018 Financial Information
- Q4: Financial Statements
- Q4: Management’s Discussion & Analysis
- Q3: Financial Statements
- Q3: Management’s Discussion & Analysis
- Q2: Financial Statements
- Q2: Management’s Discussion & Analysis
- Q1: Financial Statements
- Q1: Management’s Discussion & Analysis
Dec 03. 2019: Leading Independent Proxy Advisor Firm Glass Lewis Recommends that Pengrowth Energy Corporation Shareholders Approve the Arrangement with Cona Resources Ltd.
Dec 02, 2019: Leading Independent Proxy Advisor Firm ISS Recommends that Pengrowth Energy Corporation Shareholders Approve the Arrangement with Cona Resources Ltd.
Nov 15, 2019: Pengrowth Energy Corporation Announces Receipt of Interim Order for the Plan of Arrangement; Mailing Date of Meeting Materials
Nov 14, 2019: Pengrowth Energy Corporation Receives Support of Secured Debtholders in Respect of the Arrangement
Nov 06, 2019: Pengrowth Recorded Positive Adjusted Funds Flow in the Third Quarter of 2019 Despite Lower Commodity Prices and Restructuring Costs
Nov 01, 2019: Pengrowth Energy Corporation Announces Transaction with Cona Resources Ltd.
Sep 30, 2019: Pengrowth Announces 31 Day Extension of its Debt Maturities
Aug 08, 2019: Pengrowth Second Quarter 2019 Adjusted Funds Flow Increased 188% Year-Over-Year to $29 Million
Jun 26, 2019: Pengrowth Reports Election of Directors
May 08, 2019: Pengrowth Delivers First Quarter 2019 Adjusted Funds Flow of $16 Million on Increased Bitumen Production at Lindbergh, Robust Commodity Prices and Lower Costs
May 01, 2019: Pengrowth to Release 2019 First Quarter Results on May 8, 2019 and Provides 2019 Reporting Schedule
Mar 25, 2019: Pengrowth Announces the Extension of its Credit Facility
Mar 06, 2019: Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review
Feb 27, 2019: Pengrowth to Release 2019 Fourth Quarter Results on March 8, 2019