MEG Energy Corp. announces the appointment of Gary Bosgoed to its board of directors and the retirement of Grant Billing. "We wish to thank Grant for his dedication and significant contributions to MEG and the Board during his three years of service," said Ian D. Bruce, Chair of the Board of Directors. "We wish Grant and his family all the best [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen unless otherwise noted. MEG Energy Corp. announces operational update, inaugural share repurchases, continued debt reduction and renewal of credit facilities. Operational Update During the second quarter of 2022 the Corporation took its Christina [...]
MEG Energy Corp. is pleased to announce that Ryan Kubik will be the Corporation's new Chief Financial Officer effective August 1, 2022. Mr. Kubik will succeed Mr. Eric Toews who, as previously announced, plans to retire effective September 1, 2022. Following Mr. Kubik's appointment, Mr. Toews will remain with the Corporation until September 1, 2022 [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen unless otherwise noted MEG Energy Corp. is pleased to announce that as a part of a 15 million share block trade on the TSX at a price of $21.85 per share, the Corporation has repurchased 3.4 million shares for cancellation using the block purchase [...]
MEG Energy Corp. is pleased to announce that at its annual meeting of shareholders held on May 3, 2022 , each of the nine nominees listed in its Management Information Circular dated March 18, 2022, were elected as directors. The results of the shares voted in respect of the election of each director are set out below. Nominee Votes For Votes [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, blend sales, bitumen realization, transportation and storage expense [...]
First Quarter Results Release: Monday, May 2, 2022 after market close Conference Call Details: Tuesday, May 3, 2022 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on May 3, 2022 [...]
MEG Energy Corp. today announced that following a successful 9-year career at MEG, Eric L. Toews plans to retire effective September 1, 2022. Mr. Toews has agreed to continue in his role as Chief Financial Officer until his successor is appointed, and then remain with the Corporation during a transition period until his retirement date. MEG intends [...]
MEG Energy announces today that the Toronto Stock Exchange has approved the Corporation commencing a normal course issuer bid. Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 27,242,211 common shares of the Corporation. The Bid will become effective on March 10, 2022 and will [...]
MEG Energy Corp. reported its full year 2021 operational and financial results. MEG continues to proactively respond to the safety challenges associated with COVID-19 and remains committed to ensuring the health and safety of all its personnel and the safe and reliable operation of the Christina Lake facility. "As we exit 2021, MEG is very well [...]
MEG Energy Corp. announced today that it has issued a notice to redeem the remaining US$171 million principal balance outstanding of its 6.50% senior secured second lien notes due 2025 at a redemption price of 101.625%, plus accrued and unpaid interest to, but not including, the redemption date. The redemption is expected to be completed on or [...]
2021 Annual Results Release: Thursday, March 3, 2022 after market close Conference Call Details: Friday, March 4, 2022 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on March 4 [...]