All financial figures in Canadian dollars unless otherwise noted MEG Energy Corp. reported its first quarter 2019 operational and financial results. Highlights include: Bitumen production volumes of 87,113 barrels per day at a steam-oil-ratio of 2.2, reflecting continued Alberta-wide mandated curtailments on MEG's production capacity of 100,000 bbls/d; Delivery of 31% of sales volumes to the U.S. Gulf Coast market where [...]
MEG Energy Corp. will release its first quarter 2019 financial and operating results before market open on Tuesday, May 7, 2019. Management's discussion and analysis and the consolidated financial statements will be available at www.megenergy.com. Conference Call Details A conference call will be held at 7:30 a.m. Mountain Time on Tuesday, May 7, 2019. To participate, please dial the North American toll-free number [...]
All financial figures in Canadian dollars unless otherwise noted MEG Energy Corp. today reported full-year 2018 results. "While 2018 saw strong operational successes, the challenging commodity price environment, particularly during the fourth quarter, hindered bitumen realizations and adjusted funds flow for the company. Notwithstanding commodity price volatility and significant organizational changes, MEG's solid [...]
MEG Energy Corp. will release its year-end 2018 financial and operating results before market open on Friday, March 8, 2019. The 2018 year-end management's discussion and analysis and audited consolidated financial statements will be available on MEG's website at www.megenergy.com. Updated Conference Call Details A conference call will be held at 6:30 a.m. Mountain Time on Friday, March 8, 2019. The North American [...]
MEG Energy Corp. announced today that it expects to release fourth quarter and year-end 2018 financial and operating results on Friday, March 8, 2019, before the opening of North American markets. The 2018 fourth quarter and year-end management's discussion and analysis and 2018 year-end audited consolidated financial statements will be available on the Company's website at www.megenergy.com and on SEDAR at [...]
All financial figures in Canadian dollars unless otherwise noted MEG Energy Corp. announced today its 2019 capital investment plan and operational guidance. Highlights include: A base capital budget of $200 million, to be fully funded with expected 2019 adjusted funds flow from operations, designed to sustain production capability at 100,000 barrels per day in 2019 and 2020, as well as fund future growth projects beyond [...]
MEG Energy Corp. announces that it intends to release its 2019 capital budget at 5 a.m. Mountain Time on Tuesday, January 22, 2019. A conference call will be held to review the 2019 capital budget and outlook at 7:30 a.m. Mountain Time on Tuesday, January 22, 2019. The North American toll-free conference call number is 1-888-390-0546. The international conference call number is 587-880-2171. A recording of the call will [...]
MEG Energy Corp. acknowledges Husky Energy's press release, stating that the takeover offer for MEG did not meet Husky's minimum tender conditions, due to insufficient shareholder support. "MEG Shareholders' rejection of the Husky offer confirms that the bid did not fully recognize the quality and long-term potential of MEG." said Derek Evans, President and Chief Executive Officer. "During this process we had the [...]
MEG Energy Corp. today acknowledges that on December 14, 2018, the Alberta Securities Commission issued a decision Re Husky Energy Inc., 2018 ABASC 184 , exempting Husky from subsection 2.23 of National Instrument 62-104 Take-Over Bids and Issuer Bids which requires Husky to offer identical consideration to all of the holders of the same class of securities that are subject to a take-over bid in connection with the Husky [...]
Solid operations deliver production and cash flow growth All financial figures in Canadian dollars unless otherwise noted MEG Energy Corp. today reported third quarter 2018 operating and financial results. Highlights include: Record quarterly bitumen production volumes of 98,751 barrels per day and low steam-oil-ratio of 2.2. Annual production is well on-track to achieve 2018 guidance of 87,000 to 90,000 bpd; Record low [...]
MEG Energy Corp. announces that it intends to release its operating and financial results for the third quarter 2018 on Thursday, November 1, 2018. A conference call will be held to review the operating and financial results at 8 a.m. Mountain Time on Thursday, November 1, 2018. The North American toll-free conference call number is 1-888-390-0546. The international conference call number is 587-880-2171. A recording of [...]
MEG's stand-alone plan is worth substantially more than the value proposed to be delivered by Husky in the Husky Offer MEG's business is at an exciting inflection point and new CEO, Derek Evans, has plans to accelerate MEG's cash flow generation The Husky Offer was timed opportunistically and substantially undervalues MEG's best-in-class assets and improves Husky's business MEG Energy Corp. today announced its Board of [...]