Mackenzie Investments Announces May 2025 Distributions for its Exchange Traded Funds Français
TORONTO, May 26, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the May 2025 monthly cash distributions for its Exchange Traded Funds ("ETFs") listed below that trade on the Toronto Stock Exchange (TSX) and Cboe Canada. Unitholders of record on June 2, 2025, will receive cash distributions payable on June 9, 2025.
Details of the per-unit distribution amounts are as follows:
Mackenzie ETF
Ticker Symbol
Distribution per Unit ($)
CUSIP
ISIN
Payment Frequency
Exchange
Mackenzie Core Plus Global Fixed Income ETF
MGB
$ 0.05774
55452P101
CA55452P1018
Monthly
TSX
Mackenzie Unconstrained Bond ETF
MUB
$ 0.08213
55454N104
CA55454N1042
Monthly
TSX
Mackenzie Floating Rate Income ETF
MFT
$ 0.10157
55453X103
CA55453X1033
Monthly
TSX
Mackenzie Core Plus Canadian Fixed Income ETF
MKB
$ 0.06489
55452R107
CA55452R1073
Monthly
TSX
Mackenzie Canadian Short Term Fixed Income ETF
MCSB
$ 0.05354
55452Q109
CA55452Q1090
Monthly
TSX
Mackenzie Canadian Aggregate Bond Index ETF
QBB
$ 0.27218
55452S105
CA55452S1056
Monthly
TSX
Mackenzie Canadian Short-Term Bond Index ETF
QSB
$ 0.26933
55453K101
CA55453K1012
Monthly
TSX
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged)
QUIG
$ 0.30418
55455H106
CA55455H1064
Monthly
TSX
Mackenzie US High Yield Bond Index ETF (CAD-Hedged)
QHY
$ 0.40061
55455K109
CA55455K1093
Monthly
TSX
Mackenzie Emerging Markets Local Currency Bond Index ETF
QEBL
$ 0.43900
55455J102
CA55455J1021
Monthly
TSX
Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged)
QEBH
$ 0.31878
55454J103
CA55455J1030
Monthly
TSX
Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged)
QDXB
$ 0.04749
55454P109
CA55454P1099
Monthly
TSX
Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged)
QUB
$ 0.21947
554557108
CA5545571088
Monthly
TSX
Mackenzie Global Fixed Income Allocation ETF
MGAB
$0.05082
554552208
CA5545522081
Monthly
TSX
Mackenzie Canadian Ultra Short Bond Index ETF
QASH
$0.12179
554564104
CA5545641048
Monthly
TSX
Mackenzie US Government Long Bond Index ETF
QTLT
$ 0.32074
55454Q107
CA55454Q1072
Monthly
TSX
Mackenzie Canadian Government Long Bond Index ETF
QLB
$ 0.22958
55455N103
CA55455N1033
Monthly
TSX
Mackenzie Global High Yield Fixed Income ETF
MHYB
$ 0.07740
55454M106
CA55454M1068
Monthly
Cboe Canada
Mackenzie Canadian All Corporate Bond Index ETF
QCB
$ 0.31474
55454A102
CA55454A1021
Monthly
Cboe Canada
Mackenzie US TIPS Index ETF (CAD-Hedged)
QTIP
$0.56948
55456B108
CA55456B1085
Monthly
Cboe Canada
Mackenzie Global Sustainable Bond ETF
MGSB
$ 0.05515
554565101
CA5545651013
Monthly
Cboe Canada
Wealthsimple North American Green Bond Index ETF (CAD-Hedged)
WSGB
$ 0.06246
94702B109
CA94702B1094
Monthly
Cboe Canada
Mackenzie Target 2027 North American IG Corporate Bond ETF
MTBA
$0.00000
554554105
CA5545541057
Monthly
TSX
Mackenzie Target 2029 North American IG Corporate Bond ETF
MTBB
$0.00000
554540104
CA5545401047
Monthly
TSX
Mackenzie AAA CLO ETF
MAAA
$0.00000
554538108
CA5545381082
Monthly
TSX
Further information about Mackenzie ETFs can be found at mackenzieinvestments.com.
Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.
About Mackenzie Investments
Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $213 billionin assets under management as of April 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $269 billionin total assets under management and advisement as of April 30, 2025. For more information, visit mackenzieinvestments.com
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Cision Canada
6 hours ago
- Cision Canada
PLS PROJECT WINTER DRILLING DELIVERS POSITIVE RESULTS AT SALOON EAST
PERTH, Australia, June 2, 2025 /CNW/ - Paladin Energy Ltd (ASX: PDN) (TSX: PDN) (OTCQX: PALAF) (" Paladin" or the " Company") is pleased to advise it has successfully completed a winter exploration program at the Patterson Lake South (PLS) high-grade uranium project in the Athabasca Basin region of Saskatchewan, Canada. The winter program was carried out in line with the Company's strategic objective to identify additional uranium mineralization outside of the Triple R deposit within the largely underexplored 31,039-hectare PLS project. View PDF The results represent the strongest radioactivity identified outside of the Triple R Deposit at PLS. Twenty drillholes totalling 7,102.9m were completed between February and May 2025, with eleven drillholes targeting the Saloon East area, 3.5km southeast of the Triple R deposit (Figure 1 and Table 1). All eleven drillholes at Saloon East intersected highly elevated radioactivity in multiple zones and over significant widths with downhole gamma probe peaks up to 51,303 counts per second (cps). Radioactivity across the Saloon East area has been defined by drilling in two areas separated by 550m (Figure 2), between 200m and 420m vertically from surface within a consistent package of steeply southeast dipping, hydrothermally altered and structurally deformed basement rocks. Drilling Highlights Paladin CEO, Ian Purdy said: "Our Canadian team are very encouraged by the initial results we are seeing at Saloon East. The drilling results at Saloon East represent the strongest radioactivity intersected on the PLS property to date outside of the Triple R deposit. All eleven Saloon East drillholes completed to date in 2025 intersected radioactivity and have provided exciting results over significant core lengths. The widespread presence of elevated radioactivity and hydrothermal alteration suggests that we are exploring a significant mineralised system." Overview of the Saloon Trend The Saloon Trend is a linear, multi-kilometre long, southwest-northeast trending structural zone up to 1km in width, that is parallel to and located 3.5km south of the shear zones that host the Triple R deposit within the Patterson Lake Conductive Corridor. The Saloon Trend has been a major focus of the 2024 and 2025 exploration drilling, with 27 drillholes completed along 8.8km of its strike length. Drilling in August 2024 in the eastern portion of the Saloon Trend intersected anomalous radioactivity in three drillholes, PLS24-680, 682 and 684B, in what was subsequently termed Saloon East. Drilling in the first half of 2025 followed up on the August 2024 results at Saloon East and intersected highly elevated radioactivity, with notable intercepts in drillholes PLS25-696 and 698. Drilling along trend to the northeast intersected a thick zone of elevated radioactivity in PLS25-693, leaving a highly prospective 550m long untested zone between the two established zones of radioactivity. Table 1: 2025 Regional Exploration Drill Hole Summary Collar Basement depth (m) Total depth (m) 2PGA-1000 Gamma probe (≥500 cps / ≥0.5 m minimum) Exploration Area Hole ID Easting (UTM NAD83) Northing (UTM NAD83) Elevation (masl) Azimuth (deg) Dip (deg) From To Interval Average cps Max cps Saloon East PLS25-685 601774.8 6388784.0 498.3 128 -70 44.4 558.0 263.6 272.1 8.5 694 2,009 279.2 289.2 10.0 2,576 14,772 291.7 294.0 2.3 1,140 2,916 299.7 303.2 3.5 641 1,715 319.1 324.5 5.4 1,177 3,346 333.4 333.9 0.5 578 672 342.9 343.7 0.8 1,406 2,422 387.8 390.5 2.7 2,641 7,413 394.2 396.7 2.5 2,566 10,010 428.5 429.1 0.6 3,713 6,165 PLS25-688A 601789.1 6388769.2 498.0 129 -71 51.0 552.0 108.7 109.8 1.1 589 800 204.6 205.1 0.5 598 687 210.2 215.4 5.2 1,115 3,962 223.1 223.8 0.7 576 637 225.8 236.1 10.3 2,474 11,660 289.7 290.8 1.1 1,377 2,152 312.0 312.5 0.5 1,402 2,002 365.4 365.9 0.5 1,151 1,665 370.4 371.7 1.3 6,133 14,862 416.3 419.8 3.5 4,030 11,964 424.0 426.5 2.5 3,443 11,280 433.2 445.5 12.3 3,582 13,657 497.0 498.7 1.7 773 1,046 PLS25-690 602270.6 6389053.9 498.2 321 -75 51.0 387.0 243.0 246.0 3.0 533 1,092 283.6 290.3 6.7 764 2,122 295.8 297.5 1.7 1,403 2,250 PLS25-691 601800.2 6388759.9 498.2 129 -71 50.6 492.1 180.9 184.3 3.4 682 919 227.3 227.9 0.6 778 961 251.4 254.7 3.3 531 802 268.1 272.0 3.9 960 1,951 418.3 424.8 6.5 627 1,847 427.8 431.2 3.4 1,057 2,625 443.0 443.8 0.8 536 647 PLS25-692 602270.4 6389065.4 498.0 305 -73 53.5 330.0 190.8 192.0 1.2 669 793 195.6 199.1 3.5 639 2,849 202.7 212.4 9.7 1,314 5,423 234.0 234.8 0.8 612 803 249.7 252.3 2.6 623 944 256.8 267.5 10.7 1,172 4,988 273.5 277.9 4.4 1,650 4,837 317.0 317.6 0.6 1,360 2,015 PLS25-693 602270.4 6389065.4 498.0 310 -68 60.8 318.0 164.8 166.4 1.6 515 726 180.1 181.1 1.0 782 1,271 204.1 210.1 6.0 923 3,976 213.4 217.9 4.5 634 1,908 220.5 257.7 37.2 4,761 34,636 294.4 295.1 0.7 809 1,373 PLS25-694A 601841.6 6388784.0 498.0 129 -75 46.8 348.0 185.7 190.1 4.4 1,418 3,856 195.9 196.4 0.5 867 1,208 198.5 205.5 7.0 1,548 3,010 222.0 223.3 1.3 831 1,190 226.7 228.1 1.4 1,209 1,752 241.6 246.5 4.9 1,079 1,913 250.5 251.2 0.7 824 1,179 264.0 273.7 9.7 928 2,466 288.4 294.1 5.7 871 1,783 PLS25-695 602270.4 6389065.4 498.0 305 -60 56.4 213.0 Drillhole lost, not gamma probed PLS25-696 601895.9 6388750.8 498.3 335 -80 64.9 351.0 161.5 164.8 3.3 652 1,185 185.3 218.3 33.0 1,101 6,723 222.9 224.3 1.4 703 896 227.6 232.3 4.7 738 2,057 241.9 253.4 11.5 8,957 51,303 258.8 260.9 2.1 1,750 4,473 306.5 307.2 0.7 662 943 PLS25-697 602252.2 6389079.1 498.2 304 -66.25 74.4 250.1 120.5 125.8 5.3 563 1,099 138.6 139.5 0.9 604 798 141.0 141.5 0.5 675 793 152.4 161.5 9.1 611 1,960 172.7 173.6 0.9 618 677 177.1 178.1 1.0 608 679 184.2 188.8 4.6 1,377 4,104 193.9 195.7 1.8 925 1,446 PLS25-698 602019.0 6388634.2 510.7 316 -49 92.5 357.0 134.9 135.5 0.6 717 763 259.2 265.7 6.5 1,513 4,702 276.2 281.8 5.6 954 2,999 291.6 304.1 12.5 4,198 27,730 Saloon PLS25-700A 602083.8 6388022.1 527.1 313 -77 83.6 537.0 183.8 187.9 4.1 554 1,258 436.6 437.3 0.7 806 1,107 446.7 447.3 0.6 947 1,232 PLS25-703 598710.0 6386314.0 565.0 320 -75 126.0 198.3 Drillhole lost South Patterson PLS25-686A 599131.0 6388680.0 498.1 0 -90 51.0 201.0 129.0 131.0 2.0 624 1,038 134.5 135.5 1.0 568 721 142.7 147.3 4.6 536 821 149.3 152.1 2.8 589 1,145 163.9 164.6 0.7 545 643 174.3 179.1 4.8 692 1,041 181.3 182.8 1.5 666 848 Far East PLS25-687 600112.8 6390497.2 498.3 348 -70 47.8 204.4 No anomalous radioactivity PLS25-689 600359.3 6390575.5 501.9 158 -79 54.2 372.0 No anomalous radioactivity PLG Main PLS25-699 597359.7 6389781.8 536.4 157 -77 95.7 558.0 120.9 124.1 3.2 633 856 128.5 130.5 2.0 501 581 132.6 134.8 2.2 778 1,196 PLS25-701 596345.0 6389136.0 548.3 347 -77 111.0 270.0 104.4 124.5 20.1 1,796 4,076 PLS25-702 596058.2 6389209.5 554.4 155 -60 143.4 288.0 No anomalous radioactivity PLS25-704 596189.5 6389089.4 552.1 335 -78 110.3 318.0 105.0 137.6 32.6 2,117 5,133 138.3 141.2 2.9 634 866 142.8 152.4 9.6 1,036 6,415 170.8 171.4 0.6 795 980 173.0 174.8 1.8 828 1,476 177.8 183.8 6.0 589 1,505 Competent Person's Statement / Qualified Person and Technical Information The drilling and exploration results contained in this document have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The information in this document as it relates to drilling and exploration results was provided by Kanan Sarioglu, a Competent Person and "qualified person" under NI 43-101, who is a registered Professional Geoscientist ( with the Engineers and Geoscientists of British Columbia (EGBC), the Association of Professional Geoscientists and Engineers of Alberta (APEGA) and the Association of Professional Geoscientists and Engineers of Saskatchewan (APEGS). Kanan Sarioglu is the VP Exploration for Paladin Canada and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Sarioglu consents to the inclusion in this document of the matters based on the information in the form and context in which it appears. The drilling and exploration results including verification of the data disclosed, has been completed by Kanan Sarioglu following NI 43-101. Mr. Sarioglu has reviewed and approved the contents of this news release. The design of the drilling programs and interpretation of results is under the control of Paladin Canada's geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. Natural gamma radiation that is reported in this news release was measured in counts per second every 10cm throughout the length of each drillhole, in the up and down direction, using a Mount Sopris 2PGA-1000 single gamma probe. Results presented were derived from the up-hole data only. Prior to drilling, the accuracy of the 2PGA-1000 gamma probe was confirmed using a historical calibration drillhole on the PLS property. The reader is cautioned that gamma probe readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All intersections are down-hole depths. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness. Forward-looking statements This announcement includes forward-looking information (forward-looking statements) that can generally be identified by words such as "anticipate", "expect", "likely", "propose", will", "intend", "should", "could", "may", "believe", "forecast", "estimate", "target", "outlook", "guidance" and similar expressions. Forward-looking statements involve subjective judgment and are subject to significant uncertainties and contingencies (including risk factors associated with the mining industry), many of which are outside the control of the Company. Although at the date of this announcement Paladin believes the forward-looking statements contained herein are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results or developments may differ materially from the Company's expectations due to a range of factors including fluctuations in commodity prices and exchange rates, exploitation and exploration successes, permitting and development issues, political risks, First Nation engagement, climate risk, natural disasters, regulatory concerns, continued availability of capital and financing, general economic and market conditions, general uranium industry factors, and other factors. The Company makes no representation, warranty, guarantee or assurance (express or implied) that any forward-looking statements will prove to be correct. Except for statutory liability, which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this announcement and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this announcement or any error or omission therefrom. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this announcement or any other information made available to a person nor any obligation to furnish the person with any further information. JORC Code, 2012 Edition – Table 1 (Criteria in this section apply to all succeeding sections.) Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Drilling presented in this release was completed on mineral claim S-111376 which is 100% owned by Fission Uranium Corp a subsidiary of Paladin Energy Ltd. All claims are in good standing and all necessary permits for drilling and geophysical surveys have been received Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. The PLS project has been explored by a number of historical exploration companies including Uranerz Exploration and Mining Ltd., Hudson Bay Exploration and Development and Canadian Occidental Petroleum Ltd. There are historical drillholes on the property, none of which have tested the areas presented in this announcement Geology Deposit type, geological setting and style of mineralisation. The target deposit type is unconformity-associated high-grade uranium, hosted at the base of the Athabasca Basin or underlying metamorphic basement rocks Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. This information is included in Table 1 of the announcement No material information has been excluded Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. Radioactivity measurements are recorded every 10 cm throughout the drillhole length, no weighting is applied Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). All intervals are down hole lengths Due to the early-stage nature of these results, true widths are not known at this time Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Refer to the figures in the announcement Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. All relevant exploration data has been reported Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. All relevant exploration data has been reported SOURCE Paladin Energy Ltd
Globe and Mail
11 hours ago
- Globe and Mail
What's the best way to identify a blue-chip stock?
New investors are often told to avoid risky stocks and to gravitate instead to large blue-chip companies with profitable businesses. The problem is, there are no hard and fast rules when it comes to defining what a blue-chip stock is – and what it is not. But research into quality factors can help to shed a little light on the situation. Profitability has become a successful measure of quality in recent years and it was highlighted by Professor Robert Novy-Marx in a paper called The Other Side of Value: The Gross Profitability Premium. More specifically, he studied the impact of the gross-profits-to-assets ratio (GP/A) in the United States and showed that it performed well. The ratio is calculated by dividing a company's gross profits by assets. For today's purposes, the numerator uses gross profits (revenues minus cost of goods sold) over the past four quarters while the denominator is equal to total assets from the most recent quarter. Norman Rothery: Canadian portfolios to consider It's useful to start looking for blue-chip stocks by focusing on large companies before refining the list using profitability. That's why today's search begins with the largest 100 stocks on the Toronto Stock Exchange (TSX) by market capitalization. A tracking portfolio that follows the largest 100 stocks gained an average of 9.3 per cent annually over the 25 years to the end of April, 2025. In comparison, the S&P/TSX Composite index gained an average of 6.8 per cent annually over the same period. (The returns herein are based on back-tests using monthly data from Bloomberg. They include dividend reinvestment but not fund fees, taxes, commissions or other trading costs. The portfolios are equally weighted and rebalanced monthly.) Unfortunately, gross profits aren't available for financial stocks such as banks and insurance companies, which represent a significant chunk of the Canadian stock market. Currently, 25 of the largest 100 stocks on the TSX are financials, while the other 75 are non-financials. A portfolio composed of the latter gained an average of 9.7 per cent annually over the 25 years to the end of April, 2025. Removing the financials improved returns slightly over the period. The profitability portfolio buys the 20 per cent of stocks with the highest GP/A ratios from the non-financial names in the largest 100 stocks on the TSX. The portfolio produced average annual gains of 11.6 per cent over the 25 years to the end of April, 2025. That is, buying large stocks with high GP/A ratios provided a nice return boost over the period. Mind you, the results come with a technical caveat because the back-tester's GP/A data was a little sparse in the early years. The profitability portfolio currently contains 15 stocks (thanks to the exclusion of financials) and held a similar number, with small variations, back into 2010. But it held just nine when the back-test started in 2000 because some non-financial stocks lacked sufficient data early on. That said, the profitability portfolio performed well in recent years when the data was fulsome. It beat the market index by an average of 5.7 percentage points annually over the 15 years to the end of April, 2025, which is nearly a percentage point better that its average annual outperformance over the full 25 years. The profitability portfolio's stocks tend to trade at higher multiples, and are more growth-oriented, than most of the other portfolios I follow for The Globe. It currently holds 15 stocks and, as a group, they have a median (half are higher and half are lower) earnings growth rate of 16 per cent over the past four quarters and a median total return of 34 per cent over the past 12 months. The portfolio's stocks trade at a median price-to-earnings ratio (P/E) of 33 and a median forward P/E of 23 based on analyst earnings expectations for the next four quarters. Income investors will likely be disappointed by the portfolio's modest median dividend yield of 1.1 per cent. While it might not represent the final destination, the profitability portfolio offers an interesting starting point for investors seeking Canadian blue-chip stocks. I hope to explore the approach more fully this summer during my tour of different quality measures. You can examine the stocks in the profitability portfolio, and other I follow for The Globe and Mail, via this link. Norman Rothery, PhD, CFA, is the founder of Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Cision Canada
a day ago
- Cision Canada
MEG Energy Safely Evacuates Non-Essential Personnel from Christina Lake Regional Project Amid Wildfires
CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP. As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused an outage to third-party power line infrastructure connecting CLRP to Alberta's electric grid, prompting MEG to safely disconnect from the grid. View PDF MEG's cogeneration capabilities are enabling continued production at CLRP. However, the power outage is delaying startup of the company's Phase 2B operations, which represent approximately 70,000 barrels per day of production. When the fire situation developed, MEG was preparing to restart Phase 2B following the successful completion of the planned turnaround. We are working closely with the utility company and other stakeholders to restore grid connection and return to full capacity. "The safety of our people and protection of our assets remain our top priorities, and there is no immediate risk to either," said Darlene Gates, President and CEO. "We are working closely with authorities and coordinating with our industry peers to support each other and resume normal operations. I want to thank Alberta's emergency responders for their efforts in battling the fires and wish them continued safety." About MEG MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG). For further information, please contact: Media Relations T 403.775.1131 E [email protected] SOURCE MEG Energy Corp.
