Canada’s Husky Energy offers to buy MEG Energy in $5 billion deal:;(WWW.COMMODITY.GURU)

The combined company would have total production of more than 410,000 barrels of oil equivalent per day (boepd) and refining and upgrading capacity of about 400,000 barrels per day (bpd), Husky said in a statement.

The offer comes as many Canadian oil producers have struggled with transportation bottlenecks as output has surged, pushing Canadian heavy crude to near-historic discounts to U.S. light crude.

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