MEG Energy Corp.
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MEG Energy again increases annual production guidance after 3rd quarter resultsMEG 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.MoneyNov 8, 2021
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MEG Energy boosts 2021 production guidance on strong 6 months and Q2 profitsMEG 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.MoneyJul 23, 2021
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Several Canadian oilsands operators commit to become net zero emitters by 2050A 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.EnvironmentJun 9, 2021
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MEG Energy CEO deflects takeover speculation as oilsands firm reports Q3 lossIt's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target.MoneyOct 27, 2020
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MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen outputOilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.MoneyJul 27, 2020
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Oilpatch optimism expected to rise as difficult second quarter finally ends: analystsAnalysts say a rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week.CanadaJul 14, 2020
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MEG Energy cuts capital spending plan again, reports $284M Q1 lossMEG 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.EconomyMay 5, 2020
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Seven Generations and MEG Energy cut capital spending plans for 2020A pair of big names in Canada's oilpatch is cutting their capital spending plans in the wake of the sharp plunge in oil prices.CanadaMar 11, 2020
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MEG Energy reports $26M fourth-quarter profitMEG reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier.EconomyMar 5, 2020
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Canadian oil stocks rise as U.S. airstrike stokes fears of market disruptionAnalysts say they don't expect an immediate jump in gasoline pump prices, but it could happen if tensions remain heightened.CanadaJan 3, 2020
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