MEG Energy reports that Chief Financial Officer Dale Hohm will retire effective August 1, 2013 after serving as MEG's CFO for nine years."Dale has played a key role in MEG's success," said Bill McCaffrey, President and Chief Executive Officer. "Since 2004, he's been a guiding hand and strong steward for our shareholders every step of the way, from [...]
MEG Energy filed its audited financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2012 with the Canadian securities regulatory authorities today.To review these documents, please visit MEG's profile at www.sedar.com or see the "Financial Information" section of MEG's website at [...]
MEG Energy announces that in light of favourable market conditions, it has re-priced and extended the maturity of its existing US$987.5 million term loan. The interest rate of the covenant-light term loan has been reduced by 25 basis points and the maturity has been extended by two years to March 2020. In addition to re-pricing and extending the [...]
Production and marketing strategies to reach major milestones in 2013. MEG Energy today reported fourth quarter and full-year 2012 operational and financial results. Highlights include:Record annual and exit production volumes, exceeding 2012 guidance;Record quarterly production and low operating costs contribute to very strong fourth quarter [...]
MEG Energy announces that it intends to release its financial results for the fourth quarter ended December 31, 2012 on Thursday, January 31, 2013.A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, January 31, 2013. The U.S./Canada toll-free conference call number is 1 [...]
MEG Energy announced today that it has closed its recently announced bought deal financing and concurrent private placement of common shares. A total of 12,125,000 common shares have been issued pursuant to the Public Offering and 12,121,212 common shares have been issued pursuant to the Private Placement to Caisse de dépôt et placement [...]
MEG Energy released its 2013 capital budget and production guidance today, which includes planned capital investment of approximately $1.9 billion (including $90 million deferred from previously planned 2012 investments) and a production target of 32,000 to 35,000 barrels per day (bpd). Goals for 2013 include:
MEG Energy reported today that it has entered into agreements to offer a total of 24,246,212 MEG common shares at a price of CDN$33.00 per share to raise gross proceeds of approximately CDN$800 million. Under the agreements, 12,125,000 MEG common shares will be issued on a bought deal basis through a syndicate of underwriters co-led by BMO Capital [...]
MEG Energy today reported third quarter 2012 operational and financial results. Highlights include:Strong operating performance confirmed annual production and exit rates will be at the high end of guidance with corresponding operating costs at the low end of guidance;A planned plant turnaround was successfully completed with a record four day [...]
MEG Energy announces that it intends to release its financial results for the third quarter ended September 30, 2012 on Thursday, October 25, 2012.A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, October 25, 2012. The U.S./Canada toll-free conference call number is 1 [...]
MEG Energy today reported second quarter 2012 operational and financial results. Highlights include:Record high quarterly production volumes of 30,429 barrels of bitumen per day (bpd);Record low non-energy operating costs of $7.79 per barrel; An updated independent reserves evaluation reporting a 70% increase in proved reserves to 1.2 billion [...]
MEG Energy announces that it intends to release its financial results for the second quarter ended June 30, 2012 on Thursday, July 26, 2012.A conference call will be held to review the financial results at 7:30 a.m. Mountain Time on Thursday, July 26, 2012. The U.S./Canada toll-free conference call number is 1 888-231-8191. The international/local [...]
