MEG Energy Declares First Dividend, TMX Pipeline Boosts Prospects

MEG Energy (TSE:MEG) has released an update.

MEG Energy Corp. has reported robust financial results for the second quarter of 2024, including the declaration of an inaugural quarterly cash dividend of $0.10 per share, signaling strong financial health and growth as a Canadian oil producer. The company also highlighted the successful start-up of the TMX Pipeline, which is expected to alleviate transportation bottlenecks and improve profitability by narrowing the light-heavy oil differential.

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