All financial figures are in Canadian dollars and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power revenue, non-energy operating costs, energy operating costs, adjusted funds flow, free cash flow and net debt.
MEG Energy Corp. reported its full year 2023 operational and financial results. "I am extremely proud of MEG's safety, operating, and financial performance in 2023", said Derek Evans, President and Chief Executive Officer. "Annual production grew by 6%, av...