MEG Energy Begins Ramp-Up to Full Operations at Christina Lake Regional Project Following Wildfire Response
CALGARY, AB, June 11, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) is providing an update on operations at its Christina Lake Regional Project (CLRP) following recent regional wildfires south of the facility.
MEG has safely returned all personnel to site and restored its connection to Alberta's electric grid. In addition, MEG has commenced restarting Phase 2B operations after successful completion of the turnaround.
View PDF
"We are deeply grateful for the unwavering support of Alberta's emergency responders, government agencies, and the electricity provider during this critical time," said Darlene Gates, President and CEO of MEG Energy. "Additionally, I want to extend my heartfelt thanks to our employees and contractors for their exceptional hard work, focus, and steadfast commitment to operating safely."
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).
Learn more at www.megenergy.com
Forward-Looking Information
Certain statements contained in this news release may constitute forward-looking statements within the meaning of applicable Canadian securities laws. These statements relate to future events or MEG's future performance. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect" or "expected", "may", "will", "will have", "project", "should", "believe", "dependent", "ability", "leaving", "plan", "intend", "target", "potential" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are often, but not always, identified by such words. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to MEG's expectations regarding operations. Such forward-looking information is based on certain assumptions and analysis made by MEG in light of its experience and perception of current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to MEG's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from MEG's expectations. Further information regarding the assumptions and risks inherent in the making of forward-looking statements can be found in MEG's most recently filed Annual Information Form ("AIF"), along with MEG's other public disclosure documents. Copies of the AIF and MEG's other public disclosure documents are available through the Company's website at www.megenergy.com/investors and through the SEDAR+ website at http://www.sedarplus.ca. The forward-looking information included in this news release is expressly qualified in its entirety by the foregoing cautionary statements. Unless otherwise stated, the forward-looking information included in this news release is made as of the date of this news release and MEG assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.
For further information, please contact:
Media Relations
T 403.775.1131
E [email protected]
SOURCE MEG Energy Corp.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
27 minutes ago
- Cision Canada
Toronto Pearson awards $1.57M Uplift Fund to 11 local organizations to support workforce development, skilled trades training Français
TORONTO, June 3, 2025 /CNW/ - Toronto Pearson is awarding $1.57 million through its Uplift Fund to 11 organizations dedicated to supporting workforce development and expanding the construction skilled trades in communities surrounding the airport. The airport is also committing to broadening its focus to include organizations and job seekers across the entire Pearson Economic Zone over the next three years. This investment will provide more than 2,000 local residents with job placements, training, and career coaching in communities around Toronto Pearson, including Brampton, Mississauga, and Etobicoke. The fund focuses on two streams: breaking down barriers to meaningful employment and growing the construction skilled trades workforce – a new stream that addresses the need to support the construction industry and supports Toronto Pearson's long-term growth plans. "Toronto Pearson understands the importance of partnering with community organizations, as we move forward with plans to build the airport of the future," said Deborah Flint, President and CEO of Toronto Pearson. "The Uplift Fund is just one way we're catalyzing economic growth and helping to build a skilled workforce that represent the broad experiences of people in the region. We are committed to opening doors, removing barriers, and creating opportunity for people who live and work within our community." The Uplift Fund, part of the Propeller Project, has contributed more than $5 million in community funding over the past five years. Since 2018, Toronto Pearson's Uplift Fund has been investing and collaborating in programming, advocacy, and research to support local residents seeking to gain the skills, connections and opportunities to retain meaningful employment. The 11 organizations are: Construction Skilled Trades Stream ACCES Employment, Connecting to Careers in Construction - Connecting young refugees and newcomers in Peel and Etobicoke to construction apprenticeships through mobile outreach and Ontario employment programs. Afro Canadian Contractors Association, Project Ascend: Building Pathways to Success for BIPOC Contractors - Supports BIPOC contractors with skills training in bidding and estimating, mentorship, and post-program support to help them win contracts and grow their businesses. Building Up, Building Up a Network of Holistic Supports for Long-term Construction Careers - Provides marginalized individuals with long-term career support in the trades, including case management, mentorship, financial coaching, and employer connections. Skills for Change, Women in Skilled Trades Green Leadership Academy - Empowers newcomer and racialized women in trades with leadership training and industry connections, promoting inclusion in the green economy. Workforce Development Stream Achev, Job Action Club - Helps low-income residents in Brampton and Mississauga overcome unemployment through job coaching, skills training, and job search support. CNIB, Come to Work: Building Brighter Futures - Supports job seekers with sight loss by building employer partnerships and connecting talent to meaningful work through training and career development. Hospitality Workers Training Centre (HWTC), Uplifting Women's Careers Program - Advances racialized women in hospitality from entry-level to leadership roles through intensive training and career coaching, addressing labour shortages and inclusion. Humber College, NextPath Project: Communication Micro-Credential Program - Assists internationally trained professionals in bridging employment gaps through communication training, job trials, and credential recognition support. The DAM, Youth Employment Program - Prepares youth for the workforce with personalized coaching, training, certifications, and career exploration, reducing employment barriers. The King's Trust Canada, Skills Academy: Creating Pathways to Employment for Young People - Equipping young people with the essential skills employers are seeking such as communication, teamwork, and problem-solving to help them land a job and excel in the modern workplace, highlighting a gap in critical professional skills. YWCA Toronto, Empower Works Program: Pathways to Higher-Paying and Meaningful Work for Women and Gender Diverse Individuals - Supports women and gender-diverse individuals in accessing higher-paying jobs through tailored career planning, employer connections, and empowerment programming. About Toronto Pearson The Greater Toronto Airports Authority is the operator of Toronto Pearson International Airport, Canada's largest airport and a vital connector of people, businesses, and goods. Toronto Pearson has been named "Best Large Airport in North America serving more than 40 million passengers" seven times in the last eight years by Airports Council International, the global trade representative of the world's airports. Toronto Pearson was also recognized in 2025 as one of "Canada's Best Employers" by Forbes. For operational updates and passenger information, please visit @TorontoPearson/@AeroportPearson on X. You can also follow us on Facebook or Instagram.
Cision Canada
27 minutes ago
- Cision Canada
WALL FINANCIAL CORPORATION ANNOUNCES Q1 2026 FISCAL RESULTS
VANCOUVER, BC, June 12, 2025 /CNW/ - Wall Financial Corporation (TSX: WFC) (the "Company") released its operating results and financial statements for the three months April 30, 2025. The Company recorded net earnings and comprehensive income attributable to shareholders of the Company for the three months ended April 30, 2025 of $5,680,502 or $0.18 per share compared to $3,357,816 or $0.10 per share in the prior period. Net earnings from rental apartment operations increased due to the recovery of accrued costs related to the sale of an investment property that was sold in March 2022 and lower interest expense. Earnings from the Company's hotels increased due to lower operating costs. Revenues and earnings from the Company's development operations increased due to the closing of condominium units and one land lot sale in the current period. The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with International Financial Reporting Standards, using the same accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended January 31, 2025 and 2024. Wall Financial Corporation is a B.C. based real estate company active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties. SOURCE Wall Financial Corporation
Cision Canada
27 minutes ago
- Cision Canada
GWL Realty Advisors and Mayor Gondek Celebrate Breaking Ground on New Premium Rental Development in Calgary's Beltline
24-storey tower to provide 219 rental units and ground-level retail spaces CALGARY, AB, June 12, 2025 /CNW/ - GWL Realty Advisors (GWLRA) celebrated breaking ground on a new rental tower at 1405 4th Street SW in Calgary's Beltline district. Mayor Jyoti Gondek joined the event. This 24-storey residential tower will offer 219 professionally managed rental units and a vibrant ground-level retail area, contributing to the revitalization of one of Calgary's most dynamic neighbourhoods. "This new development represents our continued commitment to building high-quality rental communities in Canada's top urban markets," said Glenn Way, President, GWL Realty Advisors. "With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary's future and contribute to establishing the Beltline as a premier residential neighbourhood." Developed on behalf of its client, The Canada Life Assurance Company, the property will be allocated as an investment to the Canada Life participating and non-participating life insurance accounts. Construction will begin immediately and is expected to be completed within 36 months, with occupancy targeted for mid-2028. The development features nearly 6,000 sq. ft. of pedestrian oriented retail space on the ground floor, accommodating up to five commercial units, offering high-quality retail amenities for residents and the surrounding community. The new Beltline project reflects GWLRA's vision of creating boutique, hospitality-inspired rental communities in exceptional locations. Designed to maximize livability, the building will feature open-concept layouts, plenty of natural light, modern finishes, and numerous amenities, including a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash. "Projects like this show confidence in Calgary's urban core and align with our goals for density, sustainability, and vibrant, livable communities," said Mayor Jyoti Gondek. "We welcome GWL Realty Advisors' investment and look forward to seeing this new development take shape in the heart of our city." GWLRA is actively working to help address the housing shortage in major Canadian cities by managing a development pipeline that includes nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets, demonstrating its commitment to enhancing urban living through thoughtful development. About GWL Realty Advisors GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects. To learn more, visit SOURCE GWL Realty Advisors
