52 Week Range
As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
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Shares Out (MIL)
Market Cap (MIL)
Dividend (Yield %)
MEG Energy Posts Qtrly Loss Per Share Of $0.21
Meg Energy Reports Results For 2018
MEG Energy Announces Disciplined 2019 Capital Investment Plan, Maintains Optionality To Reach 113,000 bpd In 2020
MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project.
Oil & Gas Operations
21st, 600 3 Ave SW Floor
Jeffrey J. McCaig
Independent Chairman of the Board
Derek W. Evans
President, Chief Executive Officer, Director
Eric L. Toews
Chief Financial Officer
Chief Operating Officer
Vice President - legal, General Counsel, Corporate Secretary
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Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition.
Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system.
MEG Energy Corp reported a bigger-than-expected quarterly profit on Tuesday, as the Canadian oil sands producer benefited from a surge in production and higher prices.
Canadian oil sands producer MEG Energy Corp reported a smaller quarterly loss on Tuesday, benefiting from selling more barrels of bitumen crude at higher prices.
Canadian oil sands producer MEG Energy Corp reported a bigger-than-expected quarterly loss on Thursday, as the company sold its bitumen crude at lower prices because of transportation bottlenecks.
MEG Energy Corp reported a bigger quarterly loss, as the Canadian oil sands producer sold bitumen crude at lower prices.
When the final numbers were tallied late last Wednesday for Husky Energy's hostile bid for rival Canadian oil producer MEG Energy, Husky's top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters.
Canadian oil sands producer MEG Energy Corp said on Tuesday it would halve its capital spending to a maximum of C$275 million ($206.33 million) this year amid a global supply glut.
Canadian oil sands producer MEG Energy Corp said on Tuesday it expects to spend up to C$275 million ($206.33 million) this year, after fighting off a hostile bid last week from bigger rival Husky Energy Inc .
Canadian oil producer MEG Energy Corp's <MEG.TO> CEO invited his Husky Energy Inc <HSE.TO> counterpart this month to negotiate a friendly takeover of MEG, but Husky did not follow up, MEG's vice president of investor relations John Rogers said on Friday.
Canadian oil producer Husky Energy <HSE.TO> shocked investors on Thursday when it abandoned its hostile bid for MEG Energy <MEG.TO>, saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut.
Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters.
Canadian oil and gas producer Husky Energy Inc said on Tuesday it will conduct a strategic review and is considering a sale of its non-core downstream assets.
Canadian oil and gas producer Husky Energy Inc <HSE.TO> said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp <MEG.TO>, but MEG has yet to agree on the deal.
Canadian oil and gas producer Husky Energy Inc reported a bigger third quarter profit on Thursday, topping expectations with a boost from higher crude oil prices.
Canadian oil and gas producer Husky Energy Inc said on Tuesday it had formally offered to acquire all the outstanding common shares of MEG Energy Corp.
Canada's MEG Energy Corp <MEG.TO> on Wednesday rejected Husky Energy Inc's <HSE.TO> offer to buy the oil and gas producer, saying the proposal undervalued the company.
Canadian oil companies Husky Energy Inc <HSE.TO> and MEG Energy Corp <MEG.TO> discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a hostile bid this week, according to a Husky filing.
Husky Energy Inc's <HSE.TO> hostile bid for MEG Energy Corp <MEG.TO> reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky's chief executive said on Monday.
Husky Energy Inc's hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky Chief Executive Rob Peabody said on Monday.
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