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MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

9.08CAD
16 Nov 2018
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$0.14 (+1.57%)
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Latest Key Developments (Source: Significant Developments)

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

Meg Energy Corp Q3 operating ‍loss per share $0.14​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Meg Energy Corp :Meg Energy reports strong operating and financial results and ongoing efficiency gains for the third quarter of 2017, contributing to an $80 million reduction in its 2017 capital investment and a further decrease in non-energy operating cost guidance.Meg Energy Corp qtrly operating ‍loss per share $0.14​.Meg Energy Corp qtrly earnings per share $‍0.28​.Meg Energy Corp - ‍Q3 2017 production averaged 83,008 bpd, compared to 72,448 bpd for previous quarter​.Meg Energy Corp - ‍remains on track to meet 2017 average production guidance of 80,000-82,000 bpd & exit year with production of 86,000-89,000 bpd​.Meg Energy Corp - ‍company has reduced its 2017 capital investment program to $510 million​.Meg Energy Corp - ‍now anticipate spending $350 million on implementation of EMSAGP on phase 2b​.  Full Article

UPDATE 2-Suncor Energy not trimming oil output as rivals pull back

CALGARY, Alberta, Nov 1 Suncor Energy Inc , Canada's second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.