11:00 AM EST - MEG Energy Corp. : Announced today its 2020 capital investment plan and operational guidance. The company announced a capital budget of $250 million, to be fully funded with a portion of expected 2020 adjusted funds flow. Non-energy operating cost and G&A cost guidance of $4.50 to $4.90 per barrel and $1.75 to $1.85 per barrel, respectively; and year-to-date debt repayment of approximately $500 million. Management remains committed to applying all free cash flow above its 2020 capital investment plan to further debt reduction. MEG Energy Corp.
shares T.MEG are trading up $0.05 at $5.68.
