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BRIEF-Meg Energy Reports Results For 2018

Published 2019-03-07, 06:03 p/m
© Reuters.  BRIEF-Meg Energy Reports Results For 2018
MEG
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March 7 (Reuters) - MEG Energy Corp MEG.TO :

* MEG ENERGY REPORTS RECORD OPERATIONAL RESULTS FOR 2018

* MEG ENERGY CORP - ANTICIPATES 2019 G&A COSTS OF $1.95 TO $2.05 PER BARREL

* MEG ENERGY CORP - BOARD RENEWAL PROCESS IS WELL UNDERWAY

* MEG ENERGY CORP - KORN FERRY HAS BEEN ENGAGED AND IS ACTIVELY SEARCHING FOR THREE NEW BOARD MEMBERS

* MEG ENERGY CORP QTRLY LOSS PER SHARE $0.67

* MEG ENERGY CORP - QTRLY REVENUE $520 MILLION VERSUS $755 MILLION

* MEG ENERGY CORP - BY MID-2020, WE EXPECT TO DOUBLE THE NUMBER OF BARRELS WE WILL SELL INTO THE U.S. GULF COAST

* MEG ENERGY CORP - ESTIMATES RAIL VOLUMES TO AVERAGE 20,000 BBLS/D IN THE FIRST QUARTER, INCREASING TO 30,000 BBLS/D BY THE THIRD QUARTER OF 2019

* MEG ENERGY CORP - PRODUCTION CURTAILMENTS BY ALBERTA GOVERNMENT SINCE JAN HAVE HELPED TO STRENGTHEN PRICE WE RECEIVE FOR PRODUCTS

* MEG ENERGY CORP QTRLY BITUMEN PRODUCTION 87,582 BBLS/D VERSUS 90,228 BBLS/D

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