MEG Energy Corp. is pleased to announce that at its annual and special meeting of shareholders held on June 17, 2020, each of the ten nominees listed in its Management Information Circular dated May 5, 2020, 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 [...]
MEG Energy Corp. reported its first quarter 2020 operational and financial results. MEG continues to respond proactively to the safety and financial challenges associated with the COVID-19 pandemic. "We are committed to ensuring the health and safety of all our personnel and the safe and reliable operation of the Christina Lake facility" said Derek [...]
First Quarter 2020 Release: May 4, 2020 after market close Conference Call Details: May 5, 2020 8:30am ET / 6:30am MT Due to high call volumes, it may take more than one attempt to connect. Please dial in early. 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 [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. announced today a 20% reduction in its 2020 capital program to $200 million from the original $250 million budget announced November 2019. Capital Program Reduction and Guidance Update Due to the recent [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. reported its full year 2019 operational and financial results. Highlights include: Free cash flow of $528 million driven by adjusted funds flow of $726 million and disciplined capital spend of $198 [...]
2019 Annual Results Release: March 4, 2020 after market close Conference Call Details: March 5, 2020 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Toll Free: 1.888.390.0546 International: 1.416.764.8688 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on March 5, 2020 at [...]
MEG Energy Corp. today announced that it has successfully closed its previously announced offering of US$1,200 million in aggregate principal amount of 7.125% senior unsecured notes due February 2027 . MEG intends to use the net proceeds of the offering, together with cash on hand, to refinance its US$800 million in aggregate principal amount of [...]
MEG Energy Corp. today announced the pricing and an increase in the size of its previously announced offering of US$800 million in aggregate principal amount of senior unsecured notes . MEG is increasing the total size of the offering to US$1,200 million from US$800 million. The notes will bear interest at 7.125% per annum and are due in 2027. MEG [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. announced today its preliminary estimates of expected ranges of certain financial and operating data for the three months and year ended December 31, 2019. The table below presents management's [...]
MEG Energy Corp. announced today that, subject to market and other conditions, it plans to commence a private offering of US$800 million in aggregate principal amount of senior unsecured notes due 2027 . MEG intends to use the net proceeds of the offering, if completed, and cash on hand to redeem in full its US$800 million aggregate principal [...]
MEG Energy Corp. announced today it has successfully completed rail contracting to support its 2020 production guidance. On November 21, MEG announced 2020 production guidance of 94,000 to 97,000 bpd of bitumen which was dependent in part on the Corporation's ability to re-contract a significant portion of its rail loading capacity which was [...]
All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen sales unless otherwise noted MEG Energy Corp. announced today its 2020 capital investment plan and operational guidance. Highlights include: A capital budget of $250 million, to be fully funded with a portion of expected 2020 adjusted funds flow [...]
