MEG Energy Corp.

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 01:30:00 29/06/2024 am IST			5-day change	1st Jan Change
29.27 ^CAD	+0.79%		+1.07%	+23.66%

20/06	Canada oil sands group removes online content over federal anti-greenwashing rules	RE
06/06	MEG Energy Brief: Raised To Buy From Hold at TD Cowen, according to BNN TV; Shares Up 2.5%	MT

MEG Energy Corp. Announces Pricing and Upsizing of Its Offering of Senior Notes

January 17, 2020 at 03:37 am IST

MEG Energy Corp. announced the pricing and an increase in the size of its previously announced offering of USD 800 million in aggregate principal amount of senior unsecured notes. MEG is increasing the total size of the offering to USD 1,200 million from USD 800 million. The notes will bear interest at 7.125% per annum and are due in 2027. MEG intends to use the net proceeds of the offering, together with cash on hand, to refinance the company's USD 800 million in aggregate principal amount of 6.375% senior unsecured notes due January 2023 by way of a previously announced conditional redemption, to redeem USD 400 million of its USD 1,000 million aggregate principal amount of 7.00% senior unsecured notes due March 2024 (the "2024 Notes"), and to pay fees and expenses related to the offering. MEG also announced that it has issued a conditional notice to redeem USD 400 million of its USD 1,000 million in aggregate principal amount of 2024 Notes at a redemption price of 102.333%, plus accrued and unpaid interest to, but not including, the redemption date. The redemption is expected to be completed on or about February 18, 2020 and is conditioned upon completion of the offering.

Latest news about MEG Energy Corp.

Canada oil sands group removes online content over federal anti-greenwashing rules	20/06	RE
MEG Energy Brief: Raised To Buy From Hold at TD Cowen, according to BNN TV; Shares Up 2.5%	06/06	MT
MEG Energy Corp. Approves Election of Robert R. Rooney as Director	08/05	CI
Transcript : MEG Energy Corp. - Shareholder/Analyst Call	08/05
MEG Energy's Sector Perform Rating, $37 Price Target Maintained by National Bank of Canada	07/05	MT
MEG Energy Maintained at Buy at TPH Following First-Quarter Results; Price Target at C$40.00	07/05	MT
Transcript : MEG Energy Corp., Q1 2024 Earnings Call, May 07, 2024	07/05
MEG Energy Brief: Co expects additional Canada pipeline capacity from the imminent start up of TMX will Narrow heavy oil differentials, reduce differential volatility and improve netbacks on all of MEG's production	07/05	MT
MEG Energy Brief: Says Bitumen production averaged Near 104,000 barrels per day In Q1, and $217 million of free cash flow supported Repurchase of 4.7 million shares and $142 million of debt redemption	07/05	MT
MEG Energy Brief: Q1 Funds flow from operating activities and adjusted funds flow of $329 million, or $1.19 per share	07/05	MT
MEG Energy Brief: 2024 operating and capital guidance remains unchanged	07/05	MT
MEG Energy Brief: Q1 Per share, diluted $0.36	07/05	MT
Tranche Update on MEG Energy Corp.'s Equity Buyback Plan announced on March 6, 2024.	07/05	CI
Tranche Update on MEG Energy Corp.'s Equity Buyback Plan announced on March 8, 2023.	07/05	CI
MEG Energy Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	07/05	CI
Meg Energy Corp. Announces Consolidated Operating Results for the First Quarter Ended March 31, 2024	07/05	CI
North American Morning Briefing : Stock Futures Rise as Hopes of Rate Cut Return	06/05	DJ
Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say	29/04	RE
With oil set to flow, what next for Canada's Trans Mountain pipeline expansion?	29/04	RE
MEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00	23/04	MT
RBC Capital Markets Details Bitumen Production In Alberta For February	26/03	MT
CIBC Raises Price Target on 6 Canadian Energy Stocks	22/03	MT
MEG Energy Corp.'s Equity Buyback announced on March 8, 2023, has expired with 18,830,000 shares, representing 6.67% for CAD 470 million.	09/03	CI
MEG Energy Corp. announces an Equity Buyback for 24,007,526 shares, representing 8.82% of its issued share capital.	07/03	CI
MEG Energy Brief: Bid will become effective on March 11, 2024 and will terminate on March 10, 2025 or such earlier time as the Bid is completed or terminated at the option of MEG	07/03	MT

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Company Profile

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.

Sector

Oil & Gas Exploration and Production

Calendar

25/07/2024 - Q2 2024 Earnings Release

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