CALGARY - Oilsands producer MEG Energy says it has doubled its crude-by-rail shipments and will double them again to maximize prices in view of insufficient pipeline export capacity from Western Canada. The MEG Energy Corp. logo is seen in this undated handout photo. Oilsands producer MEG Energy says it has doubled its crude-by-rail shipments and will double them again to maximize its oil prices in view of insufficient pipeline export capacity from Western Canada. ( HO, MEG Energy *MANDATORY CREDIT* / THE CANADIAN PRESS )That compares with a net loss of $24 million or eight cents per share in the year-earlier period. The company says its rail volumes doubled to 14,700 barrels per day in the last three months of 2018 from the previous quarter.

Source: thestar March 07, 2019 23:40 UTC