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MEG Energy Corp.

Exchange: TSX Exchange | Mar 27, 2017, 12:32 PM EDT

MEG
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Canada's MEG Energy Increases Capex in 2017, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 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.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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