• Strathcona Resources will acquire Greenfire Resources for CAD 2.7 billion to CAD 2.9 billion, including approximately CAD 550 million in net debt.
• Greenfire shareholders can receive CAD 11 cash per share, a 39% premium, or 0.25 acquirer shares, without proration.
• The combined business would produce 153,000 barrels daily, based on year-to-date 2026 output, with proved and probable reserves exceeding 3 billion barrels.
• Annual run-rate synergies are expected to reach approximately CAD 75 million within the first year of combined operations.
• Closing is expected shortly following shareholder meetings in January 2027, subject to shareholder, court and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Strathcona Resources Ltd. published the original content used to generate this news brief via CNW (Ref. ID: 202611082245CANADANWCANADAPR_C6786) on November 09, 2026, and is solely responsible for the information contained therein.