CALGARY, AB, March 6, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces today that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "Bid").

Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 22,535,791 common shares of the Corporation. The Bid will become effective on March 11, 2025 and will terminate on March 10, 2026 or such earlier time as the Bid is completed or terminated at the option of MEG.

CALGARY, AB, Feb. 27, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its fourth quarter and full-year 2024 operational and financial results.1

"This was a significant year in the history of our company.  MEG achieved several key milestones in 2024, including our fourth straight year of record production, hitting our net debt target and establishing a program to return 100% of our free cash flow to shareholders including an inaugural base dividend," said Darlene Gates, President & Chief Executive Officer of MEG. "MEG is now positioned to grow production and free cash flow per share through share buybacks and our Facility Expansion Project."

CALGARY, AB, Feb. 13, 2025 /CNW/ -

Results Release:

Thursday, February 27, 2025 after market close

Conference Call Details:

Friday, February 28, 2025 8:30am ET / 6:30am MT

Dial-in Numbers:

Toll Free: 1.888.510.2154

International: 1.437.900.0527

Replay:

For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT on Friday, February 28, 2025 at: https://www.megenergy.com/investors/presentations-events/

About MEG

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted.

CALGARY, AB, Nov. 25, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") today announced its 2025 capital investment plan and operational guidance.

"We are excited to share our 2025 capital investment plans, which represent the foundation of a disciplined multi-year strategy to build value at Christina Lake," said Darlene Gates, President and Chief Executive Officer. "MEG's Board of Directors has approved our Facility Expansion Project to increase production capacity by 25,000 barrels per day.  Thanks to the quality of the resource and the expertise of our people, we are confident in our ability to execute this expansion within our operating cash flow while continuing to return significant capital to investors through a sustainable dividend and share repurchases."

CALGARY, AB, Nov. 15, 2024 /CNW/ -

Budget Release:

Monday, November 25, 2024 after market close

Business Update Webcast:

Tuesday, November 26, 2024 8:30am ET / 6:30am MT

Webcast Link:

https://app.webinar.net/O0zQdogdK42

Q&A Dial-in Numbers:

Toll Free: 1-888-510-2154

International: 1-437-900-0527

Replay:

For those unable to join the webcast, an archived version will be available within 24 hours at:

https://www.megenergy.com/investors/presentations-events/

CALGARY, AB, Nov. 5, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its third quarter 2024 operational and financial results.1

"Following another strong financial and operational quarter, we have delivered on our long-standing commitment to reduce net debt. Moving forward, 100% of free cash flow will be returned to shareholders through expanded share buybacks and a quarterly base dividend," said Ms. Darlene Gates, President & CEO. "We continue to focus on capital returns to shareholders and disciplined capital investment. Our focus on delivering safe, reliable, and predictable performance continues to create value for MEG and our shareholders."

CALGARY, AB, Oct. 17, 2024 /CNW/ -

Results Release:

Tuesday, November 5, 2024 after market close

Conference Call Details:

Wednesday, November 6, 2024 8:30am ET / 6:30am MT

Dial-in Numbers:

Toll Free: 1.888.510.2154

International: 1.437.900.0527

Replay:

For those unable to dial-in to the conference call, an archived version will be available by 2:00pm ET / 12:00pm MT onWednesday, November 6, 2024 at: 

https://www.megenergy.com/investors/presentations-events/

CALGARY, AB, Oct. 7, 2024 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation" (TSX: MEG)) has received notice of an unsolicited "mini-tender" offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 4,000,000 MEG shares, or approximately 1.50% of MEG's outstanding shares, at a price of C$24.25 per share. The offering price represents a discount of 4.57% to the closing price of MEG shares on the Toronto Stock Exchange (the "TSX") on September 30, 2024, the last trading day before the mini-tender offer was commenced, and a 12.42% discount to the closing price of the MEG shares on the TSX on October 4, 2024.

CALGARY, AB, Oct. 1, 2024 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation" (TSX: MEG)) is pleased to announce that it has achieved its US$600 million debt target and will now be transitioning to a 100% return of free cash flow to shareholders.

"This achievement marks a significant milestone in our multi-year capital allocation strategy, positioning us to substantially increase returns to our shareholders," said Darlene Gates, President and CEO of MEG Energy. "With the recent repayment of our 2027 7.125% senior unsecured notes, we have achieved our long stated US$600 million debt target. I am excited to share that starting October 2024, we will increase capital returns to shareholders to 100% of free cash flow through expanded share buybacks and the introduction of a quarterly base dividend."