Edition:
United States

MEG Energy Corp (MEG.TO)

MEG.TO on Toronto Stock Exchange

6.09CAD
4:00pm EDT
Change (% chg)

$-0.25 (-3.94%)
Prev Close
$6.34
Open
$6.25
Day's High
$6.29
Day's Low
$6.00
Volume
3,300,442
Avg. Vol
1,955,107
52-wk High
$9.83
52-wk Low
$4.72

Latest Key Developments (Source: Significant Developments)

Meg Energy announces pricing of senior secured notes due 2025 offering
Thursday, 12 Jan 2017 06:24pm EST 

Meg Energy Corp : MEG Energy announces pricing of senior secured notes due 2025 offering . MEG Energy Corp -pricing of its previously announced private offering of us $750 million in aggregate principal amount of new senior secured notes due 2025 .Meg Energy Corp - secured notes will bear interest at a rate of 6.50%.  Full Article

Meg Energy announces proposed offering of senior secured notes due 2025
Thursday, 12 Jan 2017 08:26am EST 

Meg Energy Corp : Meg Energy announces proposed offering of senior secured notes due 2025 . Planning to commence private offering of us $750 million in aggregate principal amount of new senior secured notes due 2025 .Intends to use net proceeds, together with cash on hand, to finance redemption of all of outstanding 6.50 pct senior notes due March 15, 2021.  Full Article

MEG Energy announces refinancing plan including extended 5 year covenant-lite revolving credit facility
Wednesday, 11 Jan 2017 04:06pm EST 

Meg Energy Corp : Meg energy announces comprehensive refinancing plan including an extended 5 year covenant-lite revolving credit facility, a cdn$357 mm equity financing and a return to growth 2017 capital budget . Says is targeting 2017 average production of 80,000 to 82,000 bpd . Meg's existing us$750 million of unsecured notes due 2021 will be refinanced and extended with new second lien indebtedness . Meg energy corp says us$1.2 billion term loan will be refinanced to extend its maturity . Meg energy corp - $590 million capital budget for 2017 focused on funding approximately 20,000 barrels per day of highly economic emsagp production growth . Meg energy corp says net proceeds from offering will be used to partially fund company's 2017 $590 million capital budget . Meg energy corp says to sell 46 million subscription receipts of meg at a price of $7.75 per subscription receipt . Says related non-energy operating costs for 2017 are anticipated to be in range of $5.75 to $6.75 per barrel .Meg energy -expects to fund 2017 capital budget with net proceeds of its $357 million equity issuance, 2017 cash flow from operations, and cash on hand.  Full Article

Meg energy production of 83,127 BPD in q2 of 2016
Thursday, 28 Jul 2016 06:05am EDT 

Meg Energy Corp : Production of 83,127 bpd in q2 of 2016 . Expects to meet annual production guidance of 80,000 to 83,000 bpd . Q2 loss per share $0.65 Further company coverage: [MEG.TO] (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

MEG Energy Corp says small fire has been extinguished at its Christina Lake sulphur plant - Reuters
Thursday, 3 Mar 2016 07:37pm EST 

MEG Energy Corp:Reports incident at Christina Lake sulphur plant.Says there were no injuries and all workers on site are safe.Says production at the Christina Lake site has been temporarily suspended.Says fire was confined to the sulphur plant and did not impact the integrity of the main processing facilities.  Full Article

More From Around the Web

BRIEF-Meg Energy CEO cautiously optimistic on proposed U.S. border tax

* Says Q1 2017 production will be 77,000-79,000 bpd because of turnaround work, by end of 2017 production will be 86,000-89,000 bpd