Canada's MEG Energy Increases Capex in 2017

SUGAR LAND--February 14, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--A decline in production costs throughout 2016 helped to mitigate losses at MEG Energy Corporation (TSX:MEG) (Calgary, Alberta), an oil & gas exploration and production company whose major projects are in Alberta's Athabasca oil sands region. MEG's confidence is reflected in its $590 million capital budget for 2017, which is significantly higher than 2016's capital spending of $137 million. Industrial Info is tracking $8.45 billion in projects involving MEG.

Within this article: Details on some of MEG's most anticipated projects, including expansions at its Christina Lake facility and its planned Surmont project.

Companies featured: General Electric (NYSE:GE)