MEG Energy announces that it intends to release its financial results for the fourth quarter ended December 31, 2013 on Thursday, February 6, 2014. 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, February 6, 2014. The U.S./Canada toll-free conference call number is 1 888-231-8191. The international/local conference call number is [...]
/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 13, 2013 /CNW/ - MEG Energy Corp. (TSX:MEG) (the "Company") today announced the completion of the previously announced secondary offering of common shares held by one of its principal shareholders, WP Lexington Private Equity B.V. ("WP Lex"), an affiliate of Warburg Pincus LLC, pursuant to which WP Lex sold 5,000,000 [...]
Annual production targeted to nearly double; planned capital investment sets the foundation for further growth with focus on lower-cost 'brownfield' expansion CALGARY, Dec. 6, 2013 /CNW/ - MEG Energy Corp. released its 2014 capital budget and guidance today. The company's plans include a capital program of $1.8 billion, including $200 million available on a discretionary basis subject to the timing of current and future [...]
MEG Energy today announced that one of its principal shareholders, WP Lexington Private Equity B.V., an affiliate of Warburg Pincus LLC, has entered into an agreement with BMO Capital Markets to complete a secondary offering under which BMO has agreed to purchase 5,000,000 common shares of the Company held by WP Lex at a purchase price of $31.40 per Common Share. Pursuant to the agreement, the Company has agreed to file [...]
CALGARY, Nov. 6, 2013 /CNW/ - MEG Energy Corp. announced today that it has closed its previously announced offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes"). The New Notes were issued at a price of 101.0% of par to yield 6.83%. The New Notes are an additional issuance of notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy [...]
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today that it has priced, at 101.0 percent of par to yield 6.83%, an offering of an additional US $200 million in aggregate principal amount of 7.0% senior notes due March 31, 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National [...]
CALGARY, Nov. 1, 2013 /CNW/ - MEG Energy Corp. announced today the commencement of, subject to market and other conditions, a private offering of US $200 million in aggregate principal amount of additional 7.0% senior notes due 2024 (the "New Notes"). The New Notes are being offered as additional notes under the indenture, dated as of October 1, 2013, among MEG, MEG Energy (U.S.) Inc. and Wilmington Trust, National [...]
Operational and financial foundations in place to achieve targeted production increase of approximately 140% by early 2015 CALGARY, Oct. 24, 2013 /CNW/ - MEG Energy Corp. today reported third quarter 2013 operational and financial results. Highlights include: Record quarterly production of 34,246 barrels per day (bpd) and record year-to-date production of 32,980 bpd, 20% higher than comparative 2012 year-to-date [...]
CALGARY, Oct. 17, 2013 /CNW/ - MEG Energy Corp. announces that it intends to release its financial results for the third quarter ended September 30, 2013 on Thursday, October 24, 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, October 24, 2013. The U.S./Canada toll-free conference call number is 1 888-231-8191. The international/local [...]
CALGARY, Oct. 1, 2013 /CNW/ - MEG Energy Corp. today announced that it has closed its previously announced senior unsecured notes offering (the "Notes Offering"). MEG has issued US$800 million in aggregate principal amount of 7.0% senior unsecured notes due in 2024 (the "Notes"). The Notes were issued pursuant to an indenture dated as of October 1, 2013, by and between MEG, MEG Energy (U.S.) Inc. and Wilmington Trust [...]
CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. today disclosed the pricing and an increase in the size of its previously announced US$750 million senior unsecured notes offering (the "Notes Offering"). Due to the positive market reception for the Notes Offering, MEG is increasing the total size of the offering to US$800 million from US$750 million. The senior unsecured notes will bear interest at 7.0% per annum and are [...]
CALGARY, Sept. 26, 2013 /CNW/ - MEG Energy Corp. announced today that it is planning to commence, subject to market and other conditions, a private offering of US$750 million in aggregate principal amount of senior unsecured notes due in 2024. MEG intends to use the net proceeds from this offering for general corporate purposes, including funding its 2014 capital program. The senior notes to be offered by MEG will not [...]