|Bid||5.49 x N/A|
|Ask||5.51 x N/A|
|Day's Range||5.32 - 5.62|
|52 Week Range||4.06 - 9.00|
|Beta (3Y Monthly)||2.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.06|
MEG Energy announces Q3 free cash flow of $152 million, record low net operating costs and $481 million year-to-date debt repayment
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MEG Energy Corp. Toronto, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MEG Energy Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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.
MEG Energy announces record $195 million free cash flow, $285 million debt repayment and new 5-Year Credit Facility
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.
CALGARY , May 13, 2019 /CNW/ - MEG Energy Corp. ("MEG") announced today that Grant Billing , Ian Bruce , and Judy Fairburn are proposed as nominees for election to the Board of Directors at the corporation's Annual and Special Meeting of Shareholders on June 13 th, 2019. Collectively these nominees bring extensive experience and expertise that includes, but is not limited to, finance, operations, marketing, innovation, and stakeholder relations, that will serve and support MEG's on-going commitment to sustainable development and value creation. "Following an extensive search process, we are extremely pleased to bring forward these candidates who have a wealth of oil and gas experience at both the Board and executive levels to stand for election to the MEG Board," said Chairman Jeff McCaig .
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 ...