MEGEF News and Press, Meg Energy Corp From 03/19/19

Alberta's provincial government eases restrictions on oil production , saying it will increase crude production limits by 25K bbl/day in May and another 25K bbl/day in June, allowing output totaling 3.71M bbl/day. More news on: Suncor Energy Inc., Imperial Oil Limited, Canadian Natural Re...

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves , preferring to stick to spot deals, as the unexpected one-year delay to Enbridge's ( ENB +1.9% ) Line 3 pipeline project adds to uncertainty around government intervention in the ma...

Meg Energy ( OTCPK:MEGEF ): Q4 Non-GAAP EPS of -C$0.67; GAAP EPS of -C$0.40. Revenue of C$520M (-31.1% Y/Y) Press Release More news on: Meg Energy Corp., Earnings news and commentary, Energy stocks news,

Alberta's provincial government is negotiating with Suncor Energy ( SU -1.5% ), Husky Energy ( OTCPK:HUSKF -1.7% ) and MEG Energy ( OTCPK:MEGEF -1.3% ) since late last year in an effort to fund heavy oil upgrading technology that could help alleviate pressure on existing pipelines, t...

Enbridge ( ENB +0.6% ) shares stabilize following yesterday 6% plunge in reaction to news of the roughly one-year delay to its Line 3 expansion project that threatens to prolong a shortage of pipeline space that has made it difficult for Canada’s drillers to ship their crude to re...

Enbridge Inc ( ENB ) was expanding the biggest pipeline out of Canada. The line expansion was supposed to add close to 400,000 barrels per day of badly needed capacity to a constricted system. ENB was confident in the execution of this by year-end. Enbridge Inc. is confident that its Li...

Devon Energy ( DVN ) announced it will sell or spin off its Canadian and Barnett Shale assets and buy back additional stock, and its shares sky-rocketed: Data by YCharts A number of investment bank updates and research analyst notes shared a range of perspectives and value expectations,...

Husky Energy ( OTCPK:HUSKF ) made an offer to buy out MEG Energy ( OTCPK:MEGEF ) on September 30, 2018, at a 37% premium to MEG's share price, offering a combination of cash and stock. On October 17, 2018 MEG's board rejected the offer , arguing that it undervalued MEG. Despite a subseque...

Alberta's government says it signed contracts with Canadian National (NYSE: CNI ) and Canadian Pacific (NYSE: CP ) railroads to lease 4,400 rail cars , in its latest move to clear a glut of oil sands crude that has depressed prices. More news on: Canadian National Railway Company, Canadia...

Alberta's provincial government says it will ease mandatory oil production cuts in February and March, earlier than expected, saying its actions have eased a glut of crude. More news on: Canadian Natural Resources, Ltd., Suncor Energy Inc., Imperial Oil Ltd, Energy stocks news, Read ...