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MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

5.35CAD
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

MEG Energy Responds To Expiration Of Husky's Takeover Offer
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - MEG Energy Corp ::MEG ENERGY RESPONDS TO EXPIRATION OF HUSKY ENERGY'S TAKEOVER OFFER.MEG ENERGY CORP - WILL BE PROVIDING AN UPDATE ON ITS 2019 BUSINESS PLAN IN NEAR-FUTURE.MEG ENERGY CORP - ACKNOWLEDGES HUSKY ENERGY'S PRESS RELEASE, STATING THAT TAKEOVER OFFER FOR MEG DID NOT MEET HUSKY'S MINIMUM TENDER CONDITIONS.  Full Article

Husky Energy reaffirms commitment to full and fair offer for Meg Energy
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Husky Energy Inc ::HUSKY ENERGY REAFFIRMS COMMITMENT TO FULL AND FAIR OFFER FOR MEG ENERGY.HUSKY ENERGY INC - REAFFIRMS ITS COMMITMENT TO OFFER TO ACQUIRE MEG ENERGY AS OUTLINED ON OCTOBER 2, 2018.HUSKY ENERGY INC - "MEG CONTINUES TO DELIVER NEGATIVE FREE CASH FLOW".HUSKY ENERGY - CANADIAN COMMISSIONER OF COMPETITION ISSUED "NO ACTION" LETTER CONFIRMING DOES NOT INTEND TO CHALLENGE TRANSACTION.HUSKY ENERGY INC - RELATED TO DEAL, ALL OTHER REQUIRED REGULATORY APPROVALS ARE EXPECTED TO BE RECEIVED BY END OF YEAR.  Full Article

Husky Energy sees high Canada oil differentials through 2020
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Husky Energy Inc CEO Rob Peabody speaking on a conference call::HUSKY ENERGY CEO DOES NOT SEE 'MAJOR RELIEF' ON CANADA OIL DIFFERENTIALS DUE TO COMPLETION OF REFINERY TURNAROUNDS.HUSKY ENERGY CEO SEES HIGH CANADA OIL DIFFERENTIALS THROUGH 2020 BEFORE RELIEF, AS PIPELINES ARE BUILT.  Full Article

Husky Energy Comments On Meg Directors’ Circular
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Husky Energy Inc ::HUSKY ENERGY COMMENTS ON MEG DIRECTORS’ CIRCULAR.HUSKY ENERGY INC - REAFFIRMS COMMITMENT TO COMPLETE ITS HIGHLY COMPELLING OFFER.  Full Article

Husky Energy Commences Cash And Share Offer To Acquire Meg Energy
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Husky Energy Inc ::HUSKY ENERGY COMMENCES CASH AND SHARE OFFER TO ACQUIRE MEG ENERGY.HUSKY ENERGY INC - EACH MEG SHAREHOLDER WILL HAVE OPTION TO CHOOSE TO RECEIVE CONSIDERATION PER MEG SHARE OF $11 IN CASH OR 0.485 OF A HUSKY SHARE.HUSKY ENERGY INC - OFFER IS OPEN FOR ACCEPTANCE UNTIL 5 P.M. EASTERN TIME ON WEDNESDAY, JANUARY 16, 2019.  Full Article

MEG Energy Responds To Husky Energy's Announcement Of An Intention To Make An Unsolicited Offer
Monday, 1 Oct 2018 

Sept 30 (Reuters) - Meg Energy Corp ::MEG ENERGY RESPONDS TO HUSKY ENERGY'S ANNOUNCEMENT OF AN INTENTION TO MAKE AN UNSOLICITED OFFER.SAYS MEG BOARD OF DIRECTORS WILL CONSIDER AND EVALUATE HUSKY OFFER AND RELATED TAKE-OVER BID CIRCULAR, IF AND WHEN RECEIVED.HUSKY ENERGY INC INTENDS TO MAKE AN UNSOLICITED OFFER TO ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF MEG.NO FORMAL OFFER HAS BEEN MADE AND MEG SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION WITH RESPECT TO ANY HUSKY OFFER.  Full Article

Meg Energy Names Derek Evans As New Chief Executive Officer
Wednesday, 8 Aug 2018 

MEG Energy Corp ::MEG ENERGY NAMES DEREK EVANS AS NEW CHIEF EXECUTIVE OFFICER.MEG ENERGY CORP - EVANS SUCCEEDS INTERIM CEO HARVEY DOERR.  Full Article

Meg Energy Reports Second Quarter Results
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - MEG Energy Corp ::MEG ENERGY REPORTS SECOND QUARTER 2018 RESULTS, ACHIEVING NEW PRODUCTION RECORD OF 98,000 BPD IN JULY WITH PHASE 2B EMSAGP ESSENTIALLY COMPLETE.MEG ENERGY CORP - INCREASES 2018 PRODUCTION GUIDANCE AND LOWERS NON-ENERGY OPERATING COST PER BARREL GUIDANCE.MEG ENERGY CORP - REMAINS ON-TRACK TO REACH 113,000 BPD IN 2020.MEG ENERGY CORP - QUARTERLY PRODUCTION VOLUMES OF 71,325 BARRELS PER DAY.MEG ENERGY CORP - ANNUAL PRODUCTION GUIDANCE HAS BEEN REVISED HIGHER TO 87,000 TO 90,000 BARRELS PER DAY (BPD).MEG ENERGY CORP - ANNUAL NON-ENERGY OPERATING COST GUIDANCE HAS BEEN REDUCED BY 5% TO $4.50 TO $5.00 PER BARREL.MEG ENERGY CORP - YEAR-END EXIT PRODUCTION IS ANTICIPATED TO AVERAGE JUST OVER 100,000 BPD.MEG ENERGY CORP QTRLY LOSS PER SHARE $0.61.MEG ENERGY CORP QTRLY OPERATING EARNINGS PER SHARE $0.24.MEG ENERGY CORP QTRLY REVENUE $689 MILLION VERSUS $584 MILLION.MEG ENERGY CORP - WELL-POSITIONED TO INTERNALLY FUND CAPITAL PLANS TO 2020.MEG ENERGY - DUE TO REVIEW OF MARKETING ASSETS, ENGAGED TD SECURITIES TO REVIEW ALTERNATIVES FOR PROPRIETARY HI-Q PARTIAL UPGRADING TECHNOLOGY.MEG ENERGY CORP - 2018 CAPITAL PROGRAM REDUCED TO $670 MILLION.MEG ENERGY CORP - EXPECTS TO HEDGE A SUBSTANTIALLY LOWER PERCENTAGE OF ITS BARRELS GOING FORWARD.  Full Article

Meg Energy Says CEO And President Bill Mccaffrey To Retire
Monday, 23 Apr 2018 

April 23 (Reuters) - MEG Energy Corp ::SAYS CEO AND PRESIDENT BILL MCCAFFREY TO RETIRE.HARVEY DOERR WILL ACT AS INTERIM CEO DURING SEARCH PROCESS.  Full Article

MEG Energy Announces 2018 Capital Investment Plan
Friday, 1 Dec 2017 

Dec 1 (Reuters) - MEG Energy Corp ::MEG ENERGY ANNOUNCES 2018 CAPITAL INVESTMENT PLAN SUPPORTING PRODUCTION TO 100,000 BPD, SETS THE STAGE FOR CONTINUED GROWTH IN 2019.MEG ENERGY CORP - SEES A 2018 CAPITAL BUDGET OF $510 MILLION.MEG ENERGY - FINANCIAL RESOURCES AVAILABLE TO CO TO FUND ITS 2018 CAPITAL PROGRAM INCLUDE EXPECTED INTERNALLY GENERATED CASH FLOW AND CASH ON HAND.MEG ENERGY CORP - TARGETED 2018 AVERAGE PRODUCTION IN RANGE OF 85,000 TO 88,000 BPD, 2018 EXIT PRODUCTION IN RANGE OF 95,000 TO 100,000 BPD.MEG ENERGY CORP - SEES A 2018 CAPITAL BUDGET OF $510 MILLION.MEG ENERGY - TO INVEST REMAINING $120 MILLION OF ESTIMATED COST TO COMPLETE IMPLEMENTATION OF EMSAGP GROWTH INITIATIVE AT CHRISTINA LAKE PHASE 2B IN 2018.MEG ENERGY CORP - 2018 CAPITAL PROGRAM SETS STAGE FOR PRODUCTION GROWTH OF APPROXIMATELY 8 TO 10% IN 2019.MEG ENERGY CORP - RELATED NON-ENERGY OPERATING COSTS FOR 2018 ARE ANTICIPATED TO BE IN RANGE OF $4.75 TO $5.25 PER BARREL.MEG ENERGY CORP - 2018 OPERATIONAL GUIDANCE TAKES INTO ACCOUNT A 35-DAY TURNAROUND AT CHRISTINA LAKE PHASE 2B PRODUCTION FACILITY PLANNED FOR Q2 2018.  Full Article

Deals of the day-Mergers and acquisitions

Jan 18 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: