Strathcona Resources Kept at Market Perform at BMO Following End to MEG Energy Bid; Price Target at C$40.00

MT Newswires Live

Yesterday

BMO Capital Markets on Wednesday resumed coverage of Strathcona Resources (SCR.TO) with a market-perform rating and a C$40.00 price target after the Western Canadian oil and gas producer dropped its hostile offer for MEG Energy (MEG.TO).

"We resume coverage of SCR at Market Perform and with a $40/share target price following its terminated bid for MEG Energy. SCR will now refocus on its organic growth plans, aiming to achieve one of the strongest rates of growth among its peers (PPS 26-29 CAGR of ~9%). The company is also proceeding with another set of pass-throughs to WEF's LPs, which should improve the float and overall trading liquidity. SCR currently trades at a 2026/2027 EV/EBITDA multiple of 7.2x/5.5x (current strip) versus its large-cap peer average of 6.2x/5.7x.," analyst Randy Ollenberger wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 36.13, Change: -0.66, Percent Change: -1.79

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2575731662"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2575731662\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2575731662?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-15 23:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2575731662","market":"hk","top_or_hot":-1,"title":"Strathcona Resources Kept at Market Perform at BMO Following End to MEG Energy Bid; Price Target at C$40.00","media":"MT Newswires Live","content":"<html><body><p> BMO Capital Markets on Wednesday resumed coverage of Strathcona Resources (SCR.TO) with a market-perform rating and a C$40.00 price target after the Western Canadian oil and gas producer dropped its hostile offer for MEG Energy (MEG.TO).</p><p>\"We resume coverage of SCR at Market Perform and with a $40/share target price following its terminated bid for MEG Energy. SCR will now refocus on its organic growth plans, aiming to achieve one of the strongest rates of growth among its peers (PPS 26-29 CAGR of ~9%). The company is also proceeding with another set of pass-throughs to WEF's LPs, which should improve the float and overall trading liquidity. SCR currently trades at a 2026/2027 EV/EBITDA multiple of 7.2x/5.5x (current strip) versus its large-cap peer average of 6.2x/5.7x.,\" analyst Randy Ollenberger wrote.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 36.13, Change: -0.66, Percent Change: -1.79</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strathcona Resources Kept at Market Perform at BMO Following End to MEG Energy Bid; Price Target at C$40.00</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrathcona Resources Kept at Market Perform at BMO Following End to MEG Energy Bid; Price Target at C$40.00\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-15 23:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> BMO Capital Markets on Wednesday resumed coverage of Strathcona Resources (SCR.TO) with a market-perform rating and a C$40.00 price target after the Western Canadian oil and gas producer dropped its hostile offer for MEG Energy (MEG.TO).</p><p>\"We resume coverage of SCR at Market Perform and with a $40/share target price following its terminated bid for MEG Energy. SCR will now refocus on its organic growth plans, aiming to achieve one of the strongest rates of growth among its peers (PPS 26-29 CAGR of ~9%). The company is also proceeding with another set of pass-throughs to WEF's LPs, which should improve the float and overall trading liquidity. SCR currently trades at a 2026/2027 EV/EBITDA multiple of 7.2x/5.5x (current strip) versus its large-cap peer average of 6.2x/5.7x.,\" analyst Randy Ollenberger wrote.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 36.13, Change: -0.66, Percent Change: -1.79</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MEG","symbol_name":"Montrose Environmental Group","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2575731662","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575731662","pubTimestamp":1760542346,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BMO Capital Markets on Wednesday resumed coverage of Strathcona Resources (SCR.TO) with a market-perform rating and a C$40.00 price target after the Western Canadian oil and gas producer dropped its h","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"MEG":"Montrose Environmental Group","BMO":"蒙特利尔银行"},"translate_title":"在MEG Energy出价结束后，Strathcona Resources在BMO的表现保持在市场表现；目标价为40.00加元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMO":1.5,"MEG":1.5},"content_text":"BMO Capital Markets on Wednesday resumed coverage of Strathcona Resources (SCR.TO) with a market-perform rating and a C$40.00 price target after the Western Canadian oil and gas producer dropped its hostile offer for MEG Energy (MEG.TO).\"We resume coverage of SCR at Market Perform and with a $40/share target price following its terminated bid for MEG Energy. SCR will now refocus on its organic growth plans, aiming to achieve one of the strongest rates of growth among its peers (PPS 26-29 CAGR of ~9%). The company is also proceeding with another set of pass-throughs to WEF's LPs, which should improve the float and overall trading liquidity. SCR currently trades at a 2026/2027 EV/EBITDA multiple of 7.2x/5.5x (current strip) versus its large-cap peer average of 6.2x/5.7x.,\" analyst Randy Ollenberger wrote.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)Price: 36.13, Change: -0.66, Percent Change: -1.79","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}