MEGEF News and Press, Meg Energy Corp From 04/05/20

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) was down on Friday (April 3), decreasing 252.51 points, to 12,845.33. Oil prices were trading upwards by the end of the week trading above US$30 per barrel. OPEC and allies are working on a deal for a supply cut equivalent to around 10 per...

Anyone who tried to sell short into the recent crude oil rally prompted by Donald Trump alluding to a 10 million barrel per day ("mmpd") coordinated cut to oil production has, at least for now, been run over by rampant market optimism. While many tend to levy criticism at Donald Trump and hi...

The price of Western Canadian Select crude tumbled today to a fresh record low of $4.58/bbl, meaning Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, Bloomberg reports. More news on: Enbridge Inc., Cenovus Energy Inc...

Canada looks like it will be the first big victim of the oil price war between Saudi Arabia and Russia, after the benchmark blend of crude produced from the country's oil sands plunged to a record low of $7.47/bbl today, Bloomberg reports. More news on: Suncor Energy Inc., Imperial Oil L...

Alberta's government could mandate further oil production cuts if rising crude supplies and falling prices threaten the survival of drillers in the province, Premier Kenney says. More news on: Cenovus Energy Inc., Suncor Energy Inc., Imperial Oil Limited, Energy stocks news, Read mor...

MEG Energy ( OTCPK:MEGEF -4.3% ) says it is cutting its FY 2020 capital budget 20% to C$200M from the C$250M budget announced in November. More news on: MEG Energy Corp., Energy stocks news, Stocks on the move, Read more ...

The oil price war looks to inflict more pain on Canada's energy industry , which still has not fully recovered from the last crash that started in 2014. More news on: Cenovus Energy Inc., MEG Energy Corp., Suncor Energy Inc., Energy stocks news, Stocks on the move, Read more ...

The cost to build the Trans Mountain pipeline expansion has skyrocketed 70% to C$12.6B (US$9.5) from a previous estimate of C$7.4B, because of legal delays to the project and accommodations made to indigenous communities along its route, CBC reports. More news on: Suncor Energy Inc., Imp...

Canada's Federal Court of Appeal rules Prime Minister Trudeau's government adequately consulted with indigenous groups along the route of the Trans Mountain oil pipeline expansion, clearing some uncertainty from the project although the ruling almost certainly will be appealed to Canada's ...

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