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MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

4.70CAD
15 Dec 2017
Change (% chg)

$-0.27 (-5.43%)
Prev Close
$4.97
Open
$4.95
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Day's Low
$4.54
Volume
3,647,691
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$9.83
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Latest Key Developments (Source: Significant Developments)

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

Meg energy production of 83,127 BPD in q2 of 2016
Thursday, 28 Jul 2016 

Meg Energy Corp : Production of 83,127 bpd in q2 of 2016 . Expects to meet annual production guidance of 80,000 to 83,000 bpd . Q2 loss per share $0.65 Further company coverage: [MEG.TO] (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

MEG Energy Corp says small fire has been extinguished at its Christina Lake sulphur plant - Reuters
Friday, 4 Mar 2016 

MEG Energy Corp:Reports incident at Christina Lake sulphur plant.Says there were no injuries and all workers on site are safe.Says production at the Christina Lake site has been temporarily suspended.Says fire was confined to the sulphur plant and did not impact the integrity of the main processing facilities.  Full Article

UPDATE 1-MEG Energy expects to produce more oil in 2018

Dec 1 Canadian oil sands producer MEG Energy Corp said on Friday it expects higher production in 2018, compared to its 2017 forecast.