Budget Release: Monday, November 25, 2024 after market close Business Update Webcast: Tuesday, November 26, 2024 8:30am ET / 6:30am MT Webcast Link: https://app.webinar.net/O0zQdogdK42 Q&A Dial-in Numbers: Toll Free: 1-888-510-2154 International: 1-437-900-0527 Replay: For those unable to join the webcast, an archived version will be available within 24 hours at: https://www.megenergy.com/investors/presentations-events [...]
MEG Energy Corp. reported its third quarter 2024 operational and financial results.1 "Following another strong financial and operational quarter, we have delivered on our long-standing commitment to reduce net debt. Moving forward, 100% of free cash flow will be returned to shareholders through expanded share buybacks and a quarterly base dividend," said Ms. Darlene Gates, President & CEO. "We continue to focus on capital [...]
Results Release: Tuesday, November 5, 2024 after market close Conference Call Details: Wednesday, November 6, 2024 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.888.510.2154 International: 1.437.900.0527 Replay: For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Wednesday, November 6, 2024 at [...]
MEG Energy Corp. ) has received notice of an unsolicited "mini-tender" offer made by TRC Capital Investment Corporation to purchase up to 4,000,000 MEG shares, or approximately 1.50% of MEG's outstanding shares, at a price of C$24.25 per share. The offering price represents a discount of 4.57% to the closing price of MEG shares on the Toronto Stock Exchange on September 30, 2024, the last trading day before the [...]
MEG Energy Corp. ) is pleased to announce that it has achieved its US$600 million debt target and will now be transitioning to a 100% return of free cash flow to shareholders. "This achievement marks a significant milestone in our multi-year capital allocation strategy, positioning us to substantially increase returns to our shareholders," said Darlene Gates, President and CEO of MEG Energy. "With the recent repayment of [...]
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, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power [...]
MEG Energy Corp. announced today that its production levels have remained stable at its Christina Lake Regional Project facility despite the ongoing regional wildfires. The Company continues to operate with a reduced and essential workforce to ensure the safety of its employees and contractors. "Our first priority is the safety and well-being of our people and the communities near our operations," said Darlene Gates [...]
MEG Energy Corp. reports that the Corporation has proactively initiated a controlled evacuation of non-essential personnel from MEG's Christina Lake Regional Project as a result of nearby wildfires. "Our first operating priority is to care for ourselves and all others," said Darlene Gates, President and CEO. "Out of an abundance of caution, we are taking precautions to ensure the safe and orderly withdrawal of all [...]
First Quarter Results Release: Thursday, July 25, 2024 after market close Conference Call Details: Friday, July 26, 2024 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 Friday, July 26, 2024 at [...]
MEG Energy Corp. announces the appointment of Michael McAllister to its board of directors, effective July 1, 2024. Mr. James D. McFarland, Chair of the Board of Directors, stated: "We are pleased to welcome Michael to MEG's Board of Directors. Michael's experience and expertise will be of significant benefit to MEG as we execute on our strategic initiatives." Mr. McAllister, P.Eng., has 40 years of energy industry [...]
MEG Energy Corp. is pleased to announce that at its annual meeting of shareholders held on May 7, 2024 , all resolutions were approved as follows: Election of Directors Each of the nine nominees listed in its Management Information Circular dated March 18, 2024, were elected as directors. The results of the shares voted in respect of the election of each director are set out below. Votes FOR Votes WITHHELD Nominee [...]
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, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power [...]
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