Strathcona Resources terminated its takeover bid for MEG Energy, days after rival Cenovus Energy upped its offer to buy out the Canadian oil-sands producer and changed the terms of their standstill agreement.
https://www.wsj.com/business/strathcona-resources-terminates-takeover-bid-for-meg-energy-1159fad0?mod=pls_whats_news_us_business_f