MEG Energy Corp (OTCPK:MEGEF)
$ 15.9545 -0.2255 (-1.39%) Market Cap: 4.20 Bil Enterprise Value: 4.82 Bil PE Ratio: 12.45 PB Ratio: 1.33 GF Score: 78/100
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MEG Energy Corp Announces 2021 Capital Investment Plan and Operational Guidance Transcript

Dec 08, 2020 / 01:30PM GMT
Release Date Price: $3.27 (+0.12%)
Operator

Good morning. My name is Joanna, and I will be your conference operator today. At this time, I would like to welcome everyone to the MEG Energy 2021 Capital Budget Conference Call. (Operator Instructions)

Thank you. Mr. Derek Evans, CEO, you may begin your conference.

Derek W. Evans
MEG Energy Corp. - President, CEO & Director

Thank you, Joanna, and good morning, everyone, and thank you for joining us to discuss MEG's 2021 capital and operating budget. With me this morning is Eric Toews, our CFO; Chi-Tak Yee, our Chief Operating Officer; and Lyle Yuzdepski, our General Counsel and Corporate Secretary.

Just a reminder, this call contains forward-looking information. Please refer to the advisory in our disclosure documents on SEDAR and on our website.

Before I speak to 2021, I would like to discuss a few highlights from the last year, which set the stage for our 2021 capital program. In the first half of 2020, MEG cut its original $250 million capital budget by $100 million to $150 million in response to the very negative macro

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