Sept 4 (Reuters) - Canadian oil and gas producer

Strathcona Resources ( STHRF ) said on Thursday it has bought

additional 6.04 million common shares of rival MEG Energy ( MEGEF )

for about C$172.7 million ($124.99 million).

Strathcona now owns or controls about 14.2% of MEG's

outstanding shares, strengthening its position as a significant

minority shareholder in MEG.

On Tuesday, the company had bought additional 6.66 million

MEG shares for about C$190.8 million and held about 11.8% of the

MEG shares.

The highest price paid for the MEG shares purchased by

Strathcona on Thursday was C$28.78 per share.

Strathcona said it intends to vote against the resolution to

approve the acquisition of MEG by Cenovus Energy. MEG has set

October 9 for a shareholder vote on its proposed deal with

Cenovus.

In August, Cenovus Energy agreed to acquire MEG in a C$7.9

billion cash-and-stock deal, after MEG's board rejected

Strathcona's lower C$6 billion takeover bid in June.

While MEG's board has approved the offer, it needs support

from at least two-thirds of investors. The deal is expected to

close early in the fourth quarter of 2025.

($1 = 1.3817 Canadian dollars)

(Reporting by Pooja Menon in Bengaluru; Editing by Alan Barona

and Arun Koyyur)