MEG Energy Corp (MEG.TO)
10 Dec 2013
|Market Cap (Mil.):||$6,557.03|
|Shares Outstanding (Mil.):||222.50|
* Unit has potential to boost returns per barrel of crude
CALGARY, Alberta, Dec 6 - Candian producer MEG Energy plans to build a C$75 million unit to extract diluent from heavy crude oil in Bruderheim, Alberta, enabling the company to ship raw bitumen from the oil sands by rail and boost returns on each barrel.
(Corrects 3rd paragraph to make clear MEG loads crude on barges in U.S.)
* MEG Energy and Cenovus Energy have signed up as shippers
(Removes paragraph 3 as Phase 2 production figure was outdated. Moves up total production figures in text)
July 30 - Canadian oil sands producer MEG Energy Corp reported a bigger second-quarter loss due to a foreign exchange loss on its U.S. dollar-denominated debt.
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Meg Energy Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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