Shareholders Advised to Take No Action Pending Review of Offer MEG Energy Corp. acknowledges today's announcement by Husky Energy Inc. that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG. The MEG Board of Directors will consider and evaluate the Husky offer and related take-over bid circular, if and when received. To assist the Board in this process the Board [...]
MEG Energy Corp. is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer . Mr. Yee joined MEG in 2004, and has been instrumental in the Company's technical leadership and operational success in the thermal development of its Christina Lake asset. "Under Chi-Tak's leadership, MEG's operational team has [...]
MEG Energy Corp. releases letter from Derek Evans, President and CEO, to MEG Energy Shareholders. Dear Shareholder: As the new President and CEO of MEG Energy, I am writing to you today to share my enthusiasm for your company, and where senior management and I, along with the Board, will be focusing our efforts going forward to create shareholder value. It was obvious to me, long before I joined the company, that MEG [...]
MEG Energy Corp. reported that at a meeting of its Board of Directors on August 10, 2018, Derek Evans, President and CEO, was appointed and elected as a member of the Board. About MEG Energy Corp. MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD [...]
New CEO brings extensive experience in the Canadian Oil and Gas industry with a proven track record of successful resource development and disciplined capital allocation MEG Energy Corp. today announced that its Board of Directors has unanimously appointed Derek Evans to the position of President and CEO, effective immediately. Mr. Evans has over 35 years' experience in the Canadian oil and gas business, including nine [...]
Increases 2018 production guidance and lowers non-energy operating cost per barrel guidance; remains on-track to reach 113,000 bpd in 2020 All financial figures in Canadian dollars unless otherwise noted CALGARY, Aug. 2, 2018 /CNW/ - MEG Energy Corp. today reported second quarter 2018 operating and financial results. Highlights include: Quarterly production volumes of 71,325 barrels per day, while completing planned [...]
CALGARY, July 26, 2018 /CNW/ - MEG Energy Corp. announces that it intends to release its operating and financial results for the second quarter 2018 on Thursday, August 2, 2018. A conference call will be held to review the operating and financial results at 8 a.m. Mountain Time on Thursday, August 2, 2018. The North American toll-free conference call number is 1-888-390-0546. The international conference call number is [...]
CALGARY, July 24, 2018 /CNW/ - MEG Energy Corp. announces the resignation of Daniel S. Farb as a director of the Corporation effecitve immediately. The Company would like to thank Mr. Farb for his services as a director. About MEG Energy MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing [...]
BOSTON, July 24, 2018 /CNW/ -- Highfields Capital Management , a value-oriented investment firm that manages private funds which own more than 9.9% of MEG Energy Corp. shares, today announced that Daniel S. Farb has resigned from the Board of Directors of MEG Energy, effective immediately. Mr. Farb, a Managing Director of Highfields, was appointed to MEG Energy's Board on December 1, 2017. "I served on the MEG Energy [...]
CALGARY, May 31, 2018 /CNW/ - MEG Energy Corp. announces voting results from its Annual Meeting of Shareholders held on May 31, 2018. Shareholders elected all directors nominated by management, the results being as follows: Vote For Withhold Vote Director # % # % Harvey Doerr 218,699,416 99.40 1,316,782 0.60 Daniel S. Farb 219,488,207 99.76 527,991 0.24 Robert Hodgins 216,444,753 98.38 3,571,445 1.62 Timothy Hodgson [...]
Solid operational and financial results, along with substantial liquidity, position MEG well for its next stage of growth All financial figures in Canadian dollars unless otherwise noted CALGARY, May 10, 2018 /CNW/ - MEG Energy Corp. today reported first quarter 2018 operating and financial results. Highlights include: Record first quarter production volumes of 93,207 barrels per day , reflecting the continued ramp-up of [...]
CALGARY, May 3, 2018 /CNW/ - MEG Energy Corp. announces that it intends to release its operating and financial results for the first quarter 2018 on Thursday, May 10, 2018. A conference call will be held to review the operating and financial results at 9 a.m. Mountain Time on Thursday, May 10, 2018. The North American toll-free conference call number is 1-888-231-8191. The international conference call number is [...]