MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

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Thu, Oct 26 2017

UPDATE 3-MEG Energy posts bigger-than-expected Q3 loss, cuts capex

Oct 26 Canada's MEG Energy Corp on Thursday reported a bigger-than-expected quarterly loss and slashed its capital budget for the year as it cuts costs to offset weak overall demand for Canadian heavy crude in a volatile oil market.

BRIEF-Meg Energy Corp Q3 operating ‍loss per share $0.14​

* 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

Canada's MEG Energy posts Q3 profit on higher prices, lower costs

Oct 26 Canadian oil sands producer MEG Energy Corp reported a third-quarter profit, compared with a loss a year ago, helped by higher bitumen prices and lower production costs.

BRIEF-MEG Energy reports qtrly earnings per share $0.35‍​

* MEG Energy reports solid second quarter 2017 results supported by record low per barrel non-energy operating costs, while successfully completing major turnaround activities

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