CALGARY, April 23, 2018 /CNW/ - MEG Energy Corp. reports that after 19 years, Bill McCaffrey will be retiring from his role as President & Chief Executive Officer as well as from the Board of Directors following the company's Annual General Meeting on May 31, 2018. Harvey Doerr, a member of MEG's Board of Directors, will act as interim CEO during the search process for a permanent replacement. Bill has agreed to act as an [...]
CALGARY, March 22, 2018 /CNW/ - MEG Energy Corp. is pleased to announce that it has successfully closed its previously announced sale of the Company's 50% interest in Access Pipeline and 100% interest in Stonefell Terminal for cash and other consideration of $1.61 billion. MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada [...]
CALGARY, March 8, 2018 /CNW/ - MEG Energy Corp. announced today the filing of the corporation's 2017 year-end disclosure documents. MEG has filed with Canadian securities regulatory authorities its audited financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2017. To review MEG's annual disclosure filings, please visit MEG's profile at www.sedar.com or [...]
All financial figures in Canadian dollars unless otherwise noted CALGARY, Feb. 8, 2018 /CNW/ - MEG Energy Corp. is pleased to announce that it has entered into an agreement with Wolf Midstream Inc. for the sale of the Company's 50% interest in Access Pipeline and 100% interest in Stonefell Terminal for cash and other consideration of $1.61 billion, representing 13.4x 2018 annualized EBITDA. MEG will receive $1.52 billion [...]
Strong cash position at year end 2017, driven by the seventh consecutive year of record-low non-energy operating costs, supports highly-economic growth to 100,000 bpd by early 2019 All financial figures in Canadian dollars unless otherwise noted CALGARY, Feb. 8, 2018 /CNW/ - MEG Energy Corp. today reported fourth quarter and full-year 2017 operating and financial results. Highlights include: Record fourth quarter [...]
CALGARY, Feb. 6, 2018 /CNW/ - MEG Energy Corp. announces that it intends to release its operating and financial results for the fourth quarter and full year 2017 on Thursday, February 8, 2018. A conference call will be held to review the operating and financial results at 11:30 a.m. Mountain Time on Thursday, February 8, 2018. The North American toll-free conference call number is 1-888-231-8191. The international [...]
CALGARY, Dec. 13, 2017 /CNW/ - MEG Energy Corp. is aware of amendments made by Chemtrade Electrochem Inc., the successor entity to Canexus Corporation, to a statement of claim filed by Canexus Corporation in 2014 in relation to legacy issues involving a unit train transloading facility. MEG continues to view this three year old claim, and the recent amendments, as frivolous and without merit and will vigorously defend [...]
CALGARY, Dec. 1, 2017 /CNW/ - MEG Energy Corp. announced today the appointment of Daniel S. Farb to its board of directors. Mr. Farb, a Canadian citizen, is a Managing Director of Highfields Capital, a Boston-based investment firm that manages over US$12 billion on behalf of endowments, foundations, pension funds and other institutional investors and is MEG's second largest shareholder. He joined Highfields in 2001 and is [...]
All financial figures in Canadian dollars unless otherwise noted CALGARY, Dec. 1, 2017 /CNW/ - MEG Energy Corp. announced today its 2018 capital investment plan and operational guidance. Highlights include: A 2018 capital budget of $510 million, 24% of which is directed towards the completion of the Phase 2B eMSAGP growth project, 20% towards an expansion of the pilot program involving the company's proprietary eMVAPEX [...]
MEG Energy today reported third quarter 2017 operating and financial results. Highlights include: Quarterly production volumes of 83,008 barrels per day (bpd) with October production currently averaging approximately 85,000 bpd, reflecting the ramp-up of MEG's eMSAGP growth initiative at Christina Lake Phase 2B which is proceeding on schedule and under budget; Record-low quarterly net operating costs of $6.00 per barrel [...]
CALGARY, Oct. 19, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) announces that it intends to release its operating and financial results for the third quarter ended September 30, 2017 on Thursday, October 26, 2017. A conference call will be held to review the operating and financial results at 8:30 a.m. Mountain Time (10:30 a.m. Eastern Time) on Thursday, October 26, 2017. The North American toll-free conference call number is [...]
CALGARY, July 28, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) announces that in keeping with the requirements under its indentures, the company will hold a conference call with its note holders to discuss the company's financial and operating results for the second quarter ended June 30, 2017. The call is scheduled for 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Tuesday, August 1, 2017. The North American toll-free [...]
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