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MEG 6.60 +0.53 (8.73%)
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MEG Energy Corp shares surge as investors position seek out potential takeover ...
Handout/ MEG EnergyMEG's shares had fallen 70 per cent over the past 12 months as investors dumped the stock on worries about the company's high debt load, which is 4.1 times its earnings before interest, taxation, depreciation and amortization.
Is MEG Energy Corp. a Bargain at Less Than $7 Per Share?
Back in mid-2014, MEG Energy Corp. (TSX:MEG) was one of the most attractive stocks in Canada's energy patch. The company had some of the most efficient heavy oil operations in all of Canada and was growing like a weed.
Can MEG Energy Corp. Survive?
Since its IPO in 2010, shares of MEG Energy Corp. (TSX:MEG) have steadily drifted downward from over $30 to an all-time low of $2.60.
MEG Energy Corp. Posts a Surprise Profit: Is it Enough?
MEG Energy Corp. (TSX:MEG) has been in a downward spiral. Since 2011, shares have fallen consistently, all the way down to its current level of about $6.
MEG Energy Corp posts big loss and cuts its capital budget
MEG Energy Corp, one of the biggest players in Canada's oilsands, reported a worse-than-expected quarterly operating loss and cut its 2015 capital budget as expenses rose.
MEG Energy net losses mount as poor oil prices counter layoffs, record output  Calgary Herald
MEG Energy posts operating loss, deepens capital spending cuts  Reuters Canada
Suncor Energy Inc, MEG Energy Corp adjust to low oil price world
CALGARY - Oilsands producers Suncor Energy Inc. and MEG Energy Corp. operate different types of projects, but both companies said Thursday they could make them work in the current low oil price environment by pushing down costs.
MEG Energy plans expansions, confirms possible pipeline stake sale
Thermal oilsands producer MEG Energy Corp. confirmed Tuesday is it looking at selling its half-share in the Access Pipeline to pay down debt and allow it to proceed with two new brownfield expansions of between 10,000 and 20,000 barrels per day each.
Why Cenovus Energy Inc. and MEG Energy Corp. Are Ideal Takeover Targets
As oil prices continue to languish, energy analysts are expecting a wave of mergers to hit the sector. This would not be unprecedented.
Canadian oil producers brace for long downturn as Husky, MEG Energy, Penn West ...
Oilsands producer MEG Energy Corp. slashed its capital program by 75%, to $305 million, from $1.2 billion announced only two weeks ago.
Calgary producers chop billions more from budgets | video  Calgary Herald
Spending slashed as oil industry waits for new 'price equalization point ...  The Globe and Mail
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MEG cuts 2016 capital spending plan in half to deal with plunging bitumen prices
Oilsands producer MEG Energy Corp. is chopping its 2016 capital budget in half, electing to stall previously stellar growth by capping spending this year at $170 million, down from the $328-million budget announced just two months ago.
MEG Energy cuts 2016 capital budget in half  Fort McMurray Today
Meg, Baytex among Canadian oil producers cut further into junk  The Globe and Mail