All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. reported its third quarter of 2020 operational and financial results. MEG continues to proactively respond to the safety and financial challenges associated with the COVID-19 pandemic and remains committed to ensuring the health and safety of all of its personnel and the safe [...]
Third Quarter 2020 Release: October 26, 2020 after market close Conference Call Details: October 27, 2020 8:30am ET / 6:30am MT Due to high call volumes, it may take more than one attempt to connect. Please dial in early. Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on [...]
MEG Energy Corp. reported its second quarter 2020 operational and financial results. MEG continues to proactively respond to the safety and financial challenges associated with the COVID-19 pandemic and remains committed to ensuring the health and safety of all of its personnel and the safe and reliable operation of the Christina Lake facility. "The second quarter was characterized by extreme negative movements in [...]
Second Quarter 2020 Release: July 27, 2020 after market close Conference Call Details: July 28, 2020 8:30am ET / 6:30am MT Due to high call volumes, it may take more than one attempt to connect. Please dial in early. Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on July 28 [...]
MEG Energy Corp. is pleased to announce that at its annual and special meeting of shareholders held on June 17, 2020, each of the ten nominees listed in its Management Information Circular dated May 5, 2020, were elected as Directors. The results of the shares voted in respect of the election of each director are set out below. Nominee Votes For Votes Withheld # % # % Grant D. Billing 198,915,650 99.97% 68,978 0.03% Ian [...]
MEG Energy Corp. reported its first quarter 2020 operational and financial results. MEG continues to respond proactively to the safety and financial challenges associated with the COVID-19 pandemic. "We are committed to ensuring the health and safety of all our personnel and the safe and reliable operation of the Christina Lake facility" said Derek Evans, President and Chief Executive Officer. "The current business [...]
First Quarter 2020 Release: May 4, 2020 after market close Conference Call Details: May 5, 2020 8:30am ET / 6:30am MT Due to high call volumes, it may take more than one attempt to connect. Please dial in early. Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on May 5, 2020 [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. announced today a 20% reduction in its 2020 capital program to $200 million from the original $250 million budget announced November 2019. Capital Program Reduction and Guidance Update Due to the recent significant degradation in global oil prices, MEG is reducing its 2020 [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. reported its full year 2019 operational and financial results. Highlights include: Free cash flow of $528 million driven by adjusted funds flow of $726 million and disciplined capital spend of $198 million; Bitumen production volumes of 93,082 barrels per day at a [...]
2019 Annual Results Release: March 4, 2020 after market close Conference Call Details: March 5, 2020 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on March 5, 2020 at: www.megenergy.com/investors/presentations-and-events About MEG MEG is an energy [...]
MEG Energy Corp. today announced that it has successfully closed its previously announced offering of US$1,200 million in aggregate principal amount of 7.125% senior unsecured notes due February 2027 . MEG intends to use the net proceeds of the offering, together with cash on hand, to refinance its US$800 million in aggregate principal amount of 6.375% senior unsecured notes due January 2023 by way of a previously [...]
MEG Energy Corp. today announced the pricing and an increase in the size of its previously announced offering of US$800 million in aggregate principal amount of senior unsecured notes . MEG is increasing the total size of the offering to US$1,200 million from US$800 million. The notes will bear interest at 7.125% per annum and are due in 2027. MEG intends to use the net proceeds of the offering, together with cash on [...]
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