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MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Meg Energy Reports Results For 2018
Friday, 8 Mar 2019 

March 7 (Reuters) - MEG Energy Corp ::MEG ENERGY REPORTS RECORD OPERATIONAL RESULTS FOR 2018.MEG ENERGY CORP - ANTICIPATES 2019 G&A COSTS OF $1.95 TO $2.05 PER BARREL.MEG ENERGY CORP - BOARD RENEWAL PROCESS IS WELL UNDERWAY.MEG ENERGY CORP - KORN FERRY HAS BEEN ENGAGED AND IS ACTIVELY SEARCHING FOR THREE NEW BOARD MEMBERS.MEG ENERGY CORP QTRLY LOSS PER SHARE $0.67.MEG ENERGY CORP - QTRLY REVENUE $520 MILLION VERSUS $755 MILLION.MEG ENERGY CORP - BY MID-2020, WE EXPECT TO DOUBLE THE NUMBER OF BARRELS WE WILL SELL INTO THE U.S. GULF COAST.MEG ENERGY CORP - ESTIMATES RAIL VOLUMES TO AVERAGE 20,000 BBLS/D IN THE FIRST QUARTER, INCREASING TO 30,000 BBLS/D BY THE THIRD QUARTER OF 2019.MEG ENERGY CORP - PRODUCTION CURTAILMENTS BY ALBERTA GOVERNMENT SINCE JAN HAVE HELPED TO STRENGTHEN PRICE WE RECEIVE FOR PRODUCTS.MEG ENERGY CORP QTRLY BITUMEN PRODUCTION 87,582 BBLS/D VERSUS 90,228 BBLS/D.  Full Article

MEG Energy Responds To Expiration Of Husky's Takeover Offer
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - MEG Energy Corp ::MEG ENERGY RESPONDS TO EXPIRATION OF HUSKY ENERGY'S TAKEOVER OFFER.MEG ENERGY CORP - WILL BE PROVIDING AN UPDATE ON ITS 2019 BUSINESS PLAN IN NEAR-FUTURE.MEG ENERGY CORP - ACKNOWLEDGES HUSKY ENERGY'S PRESS RELEASE, STATING THAT TAKEOVER OFFER FOR MEG DID NOT MEET HUSKY'S MINIMUM TENDER CONDITIONS.  Full Article

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
Wednesday, 3 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
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

UPDATE 1-MEG Energy posts bigger-than-expected quarterly loss

March 7 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.