MEGEF News and Press, Meg Energy Corp From 09/27/21

Baytex is the best leveraged oil producer to play the oil bull cycle. Baytex's recent execution on Clearwater is set to add material value for shareholders. We conservatively estimate it could add C$360 million or ~27% of its current market cap. Baytex is expected to remain discip...

MEG Energy posted strong second quarter results. The free cash flow yield above 20% seems attractive. Yet, the significant debt load remains a threat given management's surprising hedging strategy beyond 2021. For further details see: MEG Energy's New Surprising Bet

MEG Energy continues to execute operationally and deliver solid free cash flow. Capex increase to bring Christina Lake to full operational capacity makes sense in the context of MEG's takeaway agreements. Debt paydown into year-end may lead to further refinancing, lowering interes...

dan_prat/E+ via Getty Images MEG Energy ([[MEGEF]] +5.9%) is on the move after swinging to a Q2 profit and raising its full-year production guidance. The company earned C$68M in net profits in Q2, compared with a loss of $9M in the prior-year quarter, on revenues of C$1.01B, nearly double C$5...

MEG Energy Corp (MEGEF) Q2 2021 Earnings Conference Call July 23, 2021 8:30 AM ET Company Participants Derek Evans - President and Chief Executive Officer, and Director Eric Toews - Chief Financial Officer Chi-Tak Yee - Chief Operating Officer Conference Call Participants Phil Gresh - JPMorga...

The following slide deck was published by MEG Energy Corp. in conjunction with their 2021 Q2 earnings call. For further details see: MEG Energy Corp. 2021 Q2 - Results - Earnings Call Presentation

MEG Energy (MEGEF) to redeem $100M of its 6.50% senior secured second lien notes due 2025 at 103.25%, plus accrued and unpaid interest.The redemption is expected to be completed on or about August 23, 2021.The company will have redeemed $354M of the original $750M of the Second Lien Notes, le...

MEG has exceeded targets set earlier this year. A bad misstep in their hedging program led to a loss in Q1, in spite of much higher realizations on crude. We think the analysts are too bullish here and MEG may stagnate a bit at this level through the second half. We are neutra...

Five Canadian companies that together operate 90% of the country's oil sands production say they are forming an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050.Canadian Natural Resources ([[CNQ]] -0.6%), Cenovus Energy ([[CVE]] +0.8%), Imperial Oil ([[IMO]]...

MEG Energy Corp (MEGEF) Q1 2021 Earnings Conference Call May 04, 2021, 08:30 ET Company Participants Derek Evans - President, CEO & Director Eric Toews - CFO Chi-Tak Yee - COO Conference Call Participants Philip Gresh - JPMorgan Chase & Co. Greg Pardy - RBC Capital Markets William Lac...