|Bid||4.9900 x N/A|
|Ask||5.0200 x N/A|
|Day's Range||4.9800 - 5.1700|
|52 Week Range||4.0600 - 10.9300|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Husky Energy has suffered a more than 80 percent drop in its share price and Hong Kong billionaire Li Ka-shing has lost as much as $20 billion
Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. Enbridge's plan to switch from a monthly nomination system to "contract carriage" comes at a time when Canadian export pipelines are so constrained the Alberta government has imposed oil production curtailments and has drawn fierce criticism from small producers.
Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition. Last month the Explorers and Producers Association of Canada, which represents smaller producers, also wrote to Canada’s National Energy Board opposing the change because of concerns it will favor larger oil producers and refiners. The 2.85 million barrel-per-day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.
Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system. MEG's open letter to the National Energy Board regulator, filed on Friday, makes it the largest producer so far to call for Enbridge to scrap its Mainline plan because of how it will affect producers' ability to ship crude to market. The 2.85 million barrel per day Mainline is North America's largest pipeline system and a crucial conduit for Canadian producers exporting crude to the United States.
Moody's Investors Service (Moody's) upgraded MEG Energy Corp.'s (MEG) Corporate Family Rating (CFR) to B2 from B3, Probability of Default Rating to B2-PD from B3-PD, second lien secured notes to Ba3 from B3, and senior unsecured notes rating to B3 from Caa2.
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) - Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta's production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. Canada's main crude-producing province effectively became a mini-OPEC this year after the Alberta government imposed production quotas to relieve pipeline congestion and drain a glut of crude in storage. The oil patch's caution has contributed to a slow pace of deal-making, despite plenty of assets being up for sale.
MEG Energy Corp said on Tuesday its quarterly loss widened, as the Canadian oil sands producer was hit by Alberta's mandatory output cuts. OR Canadian oil sands producer MEG Energy Corp reported a smaller ...
Canada's main stock index was on track to snap a five-day run of gains on Monday after financial stocks declined and as the chances of ratifying a pact between the United States, Mexico and Canada this ...
Canada's main stock index treaded water on Wednesday, as worries of global economic slowdown curbed investor appetite for risk. * At 9:39 a.m. ET , the Toronto Stock Exchange's S&P/TSX composite index ...
NEW YORK, March 19- Oil producers in Canada have jumped on an opportunity to lock in revenues for 2019 and 2020 as average crude futures for those years have soared over 20 percent to their highest levels this year, sources familiar with the deals said. Brazil's state-run oil giant Petróleo Brasileiro SA was also executing a part of its annual oil hedge last week,...
The Canadian oil-producing province of Alberta will increase crude production limits by 25,000 barrels per day in May and a further 25,000 bpd in June, the government said on Monday. The increases mean that by June, oil companies will be limited to 3.71 million bpd of production. Alberta mandated production cuts this year to ease congestion on export pipelines that resulted in crude getting bottlenecked in storage and the discount on Canadian heavy crude widening to record levels.
Canadian oil sands producer MEG Energy Corp reported a bigger-than-expected quarterly loss on Thursday, as the company sold its bitumen crude at lower prices because of transportation bottlenecks. Alberta ...
MEG Energy Corp reported a bigger quarterly loss, as the Canadian oil sands producer sold bitumen crude at lower prices. The Calgary-based company's net loss widened to C$199 million , or 67 Canadian cents ...