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The S&P/TSX Composite Index (INDEXTSI: OSPTX ) closed up on Friday (November 13) at 16,682.81. The index received a boost from the materials sector, which gained due to an increase in bullion prices. In commodities, gold and silver were also up on Friday ...
MEG released Q3 earnings on Monday morning. MEG is getting better than expected production after the completion of their scheduled 75-day plant turnaround. MEG is extremely well hedged for Q4 and has started planning into 2021. For further details see: MEG Energy: Will O...
MEG Energy Corp. (MEGEF) Q3 2020 Earnings Conference Call October 27, 2020 08:30 ET Company Participants Derek Evans - Chief Executive Officer Eric Toews - Chief Financial Officer Chi-Tak Yee - Chief Operating Officer Lyle Yuzdepski - General Counsel and Corporate Secretary Conference Call Pa...
MEG Energy ([[MEGEF]] -0.6%) CEO Derek Evans brushes aside takeover speculation in the wake of Cenovus Energy's buyout of Husky Energy, saying the company does not consider itself a "driver" in the consolidation business."We are going to continue what we've been doing," concentratin...
Suncor Energy ([[SU]] -2.4%) and Canadian Natural Resources ([[CNQ]] -4.8%) are lower despite winning bullish coverage from CIBC, where analyst Dennis Fong says the price of WTI crude oil will see a measured return to $50/bbl by 2022.Fong favors companies with a combination of the lowest cost...
Alberta's provincial government says it will lift curbs on crude oil production ahead of schedule at the start of December, nearly two years after the previous government introduced them to support oil prices.The quotas, reset monthly, are no longer necessary because 16% of Alberta's crude oi...
It's earnings season! That means there are going to be some unwarranted sell offs, and that means it's time to take advantage of the dips. MEG Energy ( MEGEF ) or (MEG.TO on the TSX) reported earnings Tuesday night and sold off 7% on the news. They can only do so much with a crippled oil price...
MEG Energy Corp. (MEGEF) Q2 2020 Earnings Conference Call July 28, 2020 8:30 AM ET Company Participants Derek Evans - Chief Executive Officer Conference Call Participants Phil Gresh - JPMorgan Emily Chieng - Goldman Sachs Greg Pardy - RBC Capital Markets Manav Gupta - Cre...
MEG Energy ( OTCPK:MEGEF -2.7% ) reported higher Q2 net loss of C$80M, vs. loss of C$64M in last year quarter, on voluntarily curtailed bitumen production and lower oil prices. Revenues were down 71% Y/Y to C$307M. More news on: MEG Energy Corp., Energy stocks news, Earnings ...
Meg Energy ( OTCPK:MEGEF ) : Q2 GAAP EPS of -C$0.26. Adjusted funds flow of C$0.29/share. More news on: MEG Energy Corp., Earnings news and commentary, Energy stocks news, Read more ...
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The S&P/TSX Composite Index (INDEXTSI: OSPTX ) opened higher last Friday (March 5), at 18,056.74. The index was boosted by energy stocks, which were on the rise due to surging oil prices. On Friday, gold hit its lowest level in nine months , while silve...
The S&P/TSX Composite Index (INDEXTSI: OSPTX ) was trending up last Friday (February 5). The index was supported by the energy sector and the metals and mining industry, closing the week at 18,135.57 and increasing more than 4 percent since January 29. Last Frida...