MEG Energy Corp (MEG.TO)
17 Nov 2017
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.
* 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
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.
Aug 21 Canadian oil sands producers such as Cenovus and MEG Energy impressed investors in the second quarter as prices of heavy crude rose, but those gains are expected to be short-lived.
* MEG Energy reports solid second quarter 2017 results supported by record low per barrel non-energy operating costs, while successfully completing major turnaround activities