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Company News

MEG Energy expects to spend up to C$275 mln in 2019

Jan 22 (Reuters) - Canadian oil sands producer MEG Energy Corp said on Tuesday it expects to spend up to C$275 million ($206.33 million) this year, after fighting off a hostile bid last week from bigger rival Husky Energy Inc .

MEG expects 2019 production to average 90,000 barrels per day (bpd) to 92,000 bpd.

In August, MEG said it expected to spend C$670 million in 2018.

$1 = 1.33 Canadian dollars Reporting By Shradha Singh in Bengaluru

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