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MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

7.50CAD
13 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Meg Energy Names Derek Evans As New Chief Executive Officer
Thursday, 9 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

BRIEF-Meg Energy Reports Qtrly Earnings Per Share Of $0.47

* MEG ENERGY CORP - Q1 PRODUCTION VOLUMES OF 93,207 BARRELS PER DAY