MEG Energy Corp.

MEG Energy Corp. announces that it has approved an amendment to its Restricted Share Unit Plan to reduce the aggregate number of common shares available to be issued under the Plan to a rolling 4% of our outstanding common shares . The Amendment has been enacted in order to ensure that the aggregate shareholder value transfer under the Plan does not exceed the SVT benchmark as recently recommended by Institutional [...]

MEG Energy Corp. announces today that the Toronto Stock Exchange has approved the renewal of the Corporation's normal course issuer bid . Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 22,535,791 common shares of the Corporation. The Bid will become effective on March 11, 2025 and will terminate on March 10, 2026 or such earlier time as the Bid is [...]

MEG Energy Corp. reported its fourth quarter and full-year 2024 operational and financial results.1 "This was a significant year in the history of our company. MEG achieved several key milestones in 2024, including our fourth straight year of record production, hitting our net debt target and establishing a program to return 100% of our free cash flow to shareholders including an inaugural base dividend," said Darlene [...]

Results Release: Thursday, February 27, 2025 after market close Conference Call Details: Friday, February 28, 2025 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.510.2154 International: 1.437.900.0527 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Friday, February 28, 2025 at: https://www.megenergy.com/investors/presentations-events [...]

All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted. MEG Energy Corp. today announced its 2025 capital investment plan and operational guidance. "We are excited to share our 2025 capital investment plans, which represent the foundation of a disciplined multi-year strategy to build value at Christina Lake," said Darlene Gates, President and [...]

Budget Release: Monday, November 25, 2024 after market close Business Update Webcast: Tuesday, November 26, 2024 8:30am ET / 6:30am MT Webcast Link: https://app.webinar.net/O0zQdogdK42 Q&A Dial-in Numbers: Toll Free: 1-888-510-2154 International: 1-437-900-0527 Replay: For those unable to join the webcast, an archived version will be available within 24 hours at: https://www.megenergy.com/investors/presentations-events [...]

MEG Energy Corp. reported its third quarter 2024 operational and financial results.1 "Following another strong financial and operational quarter, we have delivered on our long-standing commitment to reduce net debt. Moving forward, 100% of free cash flow will be returned to shareholders through expanded share buybacks and a quarterly base dividend," said Ms. Darlene Gates, President & CEO. "We continue to focus on capital [...]

Results Release: Tuesday, November 5, 2024 after market close Conference Call Details: Wednesday, November 6, 2024 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.510.2154 International: 1.437.900.0527 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Wednesday, November 6, 2024 at [...]

MEG Energy Corp. ) has received notice of an unsolicited "mini-tender" offer made by TRC Capital Investment Corporation to purchase up to 4,000,000 MEG shares, or approximately 1.50% of MEG's outstanding shares, at a price of C$24.25 per share. The offering price represents a discount of 4.57% to the closing price of MEG shares on the Toronto Stock Exchange on September 30, 2024, the last trading day before the [...]

MEG Energy Corp. ) is pleased to announce that it has achieved its US$600 million debt target and will now be transitioning to a 100% return of free cash flow to shareholders. "This achievement marks a significant milestone in our multi-year capital allocation strategy, positioning us to substantially increase returns to our shareholders," said Darlene Gates, President and CEO of MEG Energy. "With the recent repayment of [...]