MEG Energy Corp.

• MEG Energy urges shareholders to reject unsolicited takeover offer by Strathcona Resources

  Strathcona and MEG both extract bitumen using steam-driven techniques in eastern Alberta and don't have fuel refining or retail businesses like some bigger oilsands players.

  Money

  Jun 17, 2025
  
• Wildfire prompts non-essential staff with oilsands firm to leave northern Alberta site

  MEG Energy Corp. has had to evacuate non-essential personnel from its Christina Lake oilsands site due to wildfires burning in northern Alberta.

  Canada

  Jul 18, 2024
  
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• MEG Energy again increases annual production guidance after 3rd quarter results

  MEG Energy Corp. boosted its output forecast for the year after swinging to a $54-million profit in its latest quarter on a doubling of revenues.

  Money

  Nov 8, 2021
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• MEG Energy boosts 2021 production guidance on strong 6 months and Q2 profits

  MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on a near doubling of revenues.

  Money

  Jul 23, 2021
• Several Canadian oilsands operators commit to become net zero emitters by 2050

  A large part of the strategy includes building a carbon sequestration facility in Cold Lake, Alta. The group says it would be available for other industries to use as well.

  Environment

  Jun 9, 2021
• MEG Energy CEO deflects takeover speculation as oilsands firm reports Q3 loss

  It's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target.

  Money

  Oct 27, 2020
• MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

  Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.

  Money

  Jul 27, 2020
• Oilpatch optimism expected to rise as difficult second quarter finally ends: analysts

  Analysts say a rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week.

  Canada

  Jul 14, 2020
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• MEG Energy cuts capital spending plan again, reports $284M Q1 loss

  MEG Energy cut its capital spending guidance for a second time due to the COVID-19 pandemic as it reported a first-quarter loss of $284 million.

  Economy

  May 5, 2020
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• Seven Generations and MEG Energy cut capital spending plans for 2020

  A pair of big names in Canada's oilpatch is cutting their capital spending plans in the wake of the sharp plunge in oil prices.

  Canada

  Mar 11, 2020