Canada's MEG Energy Sees Doubling of Net Loss in Fourth-Quarter 2015, Slashes 2016 Capex
Canada's MEG Energy Sees Doubling of Net Loss in Fourth-Quarter 2015, Slashes 2016 Capex
SUGAR LAND--February 5, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The strong U.S. dollar and low oil prices caused Canadian bitumen producer MEG Energy to experience a net loss of $217.4 million for fourth-quarter 2015, compared with a $102 million loss in the same period a year earlier. Industrial Info is tracking 13 active MEG Energy projects worth $8.45 billion. Within this article: Details MEG Energy related projects that Industrial Info is tracking.
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