{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In the Money with Amber Kanwar","title":"Bidding War in the Oil Patch: Why Adam Waterous Isn’t Backing Down ","html":"","width":"100%","height":180,"duration":3110,"description":"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.\nIn 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.”\nAdam 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.\nIf 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.\nTimestamps\n00:00 Show intro & details for swag giveaway \n02:15 Adam Waterous tells Amber why he increased his offer for MEG Energy \n06:20 Adam makes his sales pitch for why MEG shareholders should tender to Strathcona\n14:00 Questions about Adam’s argument \n16:25 Break \n16:50 What kind of feedback is Adam getting from MEG shareholders? \n18:50 How far is Adam willing to go to get MEG? \n21:35 Pushback of shareholders \n25:20 Is Strathcona using ‘inflated paper’ for the transaction? \n29:00 Adam on the special dividend \n31:35 Are there options for M&A other than MEG? \n36:10 Why won’t Adam just offer a 4-handle and be done with it? \n39:15 Does MEG’s rejection feel personal? \n42:10 Adam believes MEG’s board is not acting in the best interests of shareholders \n44:50 Where is Strathcona in two years? Why Adam is bullish on Canada’s oil sector \n46:50 Mike Larson of the Moneyshow tells viewers about the upcoming event in...","thumbnail_url":"https://img.transistorcdn.com/er9NR63MREFV6i2rlZX8f-yMY6gNSK83fNUOzBPoSt8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZmQy/OWMwNmEzY2Y0YTg1/NjM4MjQ3Y2NjMWYy/Zjk1My5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}