MEGEF News and Press, Meg Energy Corp From 02/28/23

MEG Energy Corp. (MEGEF) Q4 2022 Earnings Conference Call February 28, 2023 08:30 AM ET Company Participants Derek Evans - CEO Darlene Gates - COO Ryan Kubik - CFO Conference Call Participants Patrick O'Rourke - ATB Capital Markets Nicolette Slusser - G...

Summary MEG continues to put off paying a dividend but is committed to spending 50% of FCF on buybacks. MEG has reduced its debt by $3.5 billion since 2016, and the focus remains on getting under $600 million. MEG looks set to make a run at $40. MEG Energy ( MEGEF ) or...

MEG Energy ( OTCPK:MEGEF ), which ships oil on Canada's Trans Mountain Expansion project, said Monday it expects the pipeline will start filling with oil late this year and be fully operational early in 2024 . "We're being told linefill potentially at the end of 2023 and fully operati...

MEG Energy Corp. (MEGEF) Q3 2022 Earnings Conference Call November 10, 2022 08:30 AM ET Company Participants Derek Evans - Chief Executive Officer Darlene Gates - Chief Operating Officer Ryan Kubik - Chief Financial Officer Lyle Yuzdepski - General Counsel &a...

Meg Energy press release ( OTCPK:MEGEF ): Q3 GAAP EPS of C$1.61. Revenue of C$1.57B (+44.0% Y/Y). For further details see: Meg Energy GAAP EPS of C$1.61, revenue of C$1.57B

Summary Since early summer, MEG Energy Corp. has underperformed relative to other oil equities. The likely culprit is the widening WCS-WTI spread. The WCS differential spike appears to be due to temporary factors and should revert to its longer term mean. When the differen...

Summary MEG Energy is a producer of bitumen in Canada. The Q2 production rate was low due to a planned turnaround at the Christina Lake facility. This means Q3 and Q4 production volumes will likely be 40-50% higher than in Q2. This will compensate for lower prices. ...

Canadian Prime Minister Justin Trudeau's demand for sharp emissions cuts from the energy sector to reach net-zero amounts to government overreach , Imperial Oil ( NYSE: IMO ) CEO Brad Corson said Friday. "It is very aggressive and stretches the capability of what is tech...

MEG Energy Corp. (MEGEF) Q1 2022 Results Conference Call July 29, 2022 08:30 AM ET Company Participants Derek Evans - Chief Executive Officer Eric Toews - Chief Financial Officer Darlene Gates - Chief Operating Officer Lyle Yuzdepski - General Counsel and Cor...

Oil inventories continue to trend lower to levels not seen in decades as product demand outpaces supply growth. Demand destruction is unlikely, as prices will have to move materially higher prior to dissuading consumers. Oil supply has not shifted, as operators remain focused on c...