MEG Energy Corp.

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:15:05 2024-04-26 pm EDT			5-day change	1st Jan Change
32.22 ^CAD	-0.19%		+3.40%	+36.12%

Apr. 23	MEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00	MT
Mar. 26	RBC Capital Markets Details Bitumen Production In Alberta For February	MT

MEG Energy Corp. announces an Equity Buyback for 24,007,526 shares, representing 8.82% of its issued share capital.

March 06, 2024 at 05:26 pm EST

MEG Energy Corp. (TSX:MEG) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 24,007,526 common shares, representing 8.82% of its issued share capital.

The purpose of the program is enhancing shareholder returns and continued debt reduction. Common shares acquired under the bid will be cancelled. The plan will terminate on March 10, 2025 or such earlier time as the Bid is completed or terminated at the option of MEG.

As of February 29, 2024, the corporation had 272,103,821 common shares issued and outstanding.

Latest news about MEG Energy Corp.

MEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00	Apr. 23	MT
RBC Capital Markets Details Bitumen Production In Alberta For February	Mar. 26	MT
CIBC Raises Price Target on 6 Canadian Energy Stocks	Mar. 22	MT
MEG Energy Corp. announces an Equity Buyback for 24,007,526 shares, representing 8.82% of its issued share capital.	Mar. 06	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	Mar. 06	MT
MEG Energy Brief: Co will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 24,007,526 common shares of the Corporation	Mar. 06	MT
MEG Energy Brief: Received TSX Approval for Renewal of Normal Course Issuer Bid	Mar. 06	MT
MEG Energy Corp. authorizes a Buyback Plan.	Mar. 05	CI
MEG Energy Maintained at Outperform at BMO After Q4 Results; Price Target Raised to C$35.00	Mar. 04	MT
MEG Energy Kept at Sector Perform by National Bank Following Q4 Results; Price Target Raised to C$32.00	Mar. 01	MT
MEG Energy says Canada's Trans Mountain to start line fill from April	Mar. 01	RE
MEG Energy Maintained at Buy at TPH Following Q4 Results; Price Target Kept at C$35.00	Mar. 01	MT
Transcript : MEG Energy Corp., 2023 Earnings Call, Mar 01, 2024	Mar. 01
MEG Energy Brief: At current prices MEG "Well Positioned" to achieve US$600 million net debt in Q3 2024, after which 100% of free cash flow will be returned to shareholders	Feb. 29	MT
MEG Energy Brief: Says Financial performance Also strong generating nearly $1 billion of free cash flow for debt repayment and share buybacks	Feb. 29	MT
MEG Energy Brief: Annual production grew by 6%, averaging over 100,000 barrels per day for first time and exiting year at approximately 110,000 barrels per day	Feb. 29	MT
MEG Energy Corp. Announces CEO Changes	Feb. 29	CI
MEG Energy Corp. Announces Derek Evans to Step Down as President and from Board of Directors, Effective May 1, 2024	Feb. 29	CI
MEG Energy Brief: Q4 Per share Diluted 0.37	Feb. 29	MT
Tranche Update on MEG Energy Corp.'s Equity Buyback Plan announced on March 8, 2023.	Feb. 29	CI
MEG Energy Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
MEG Energy Corp. Provides Production Guidance for the Year 2024	Feb. 29	CI
MEG Energy Brief: Announcing President & Chief Executive Officer Succession; Darlene Gates to become President & CEO with departure of Derek Evans	Feb. 29	MT
North American Morning Briefing : Fed's Preferred Inflation Gauge in the Spotlight	Feb. 29	DJ
MEG Energy Corp.'s Board intends to launch an Equity Buyback.	Feb. 29	CI

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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

2024-05-05 - Q1 2024 Earnings Release

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