Meridian Source - January 24, 2018

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Thursday, January 24, 2019

VOLUME 1 I ISSUE 30

MERIDIANSOURCE.CA

Husky refocuses after MEG takeover fails GEOFF LEE

WRITER

.................................. Husky Energy says it will continue to focus on its core business strategy after walking away from its hostile takeover bid for MEG Energy. The agenda includes continuing with the potential divestment of its retail business and the Prince George Refinery. Husky said last Thursday its $3.3 billion unsolicited bid for MEG in September failed to gain enough support from MEG’s board and shareholders by the Jan.16 deadline and they opted not to extend the offer. MEG had a current

market value of about $2.53 billion. “Given the outcome of the tender process, Husky will continue to focus on capital discipline and the delivery of the five-year plan we set out at our Investor Day in May 2018,” said CEO Rob Peabody. “We are investing in reliable, higher margin production growth

that continues to lower the oil price we need to break even.” Peabody also noted the business environment has soured since their takeover offer was made including the Alberta government mandated production cuts and a lack of meaningful progress on new export pipelines in Canada.

RCMP unveiling crime prevention initiative MERIDIAN SOURCE STAFF

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Taylor Weaver Meridian Source Ukrainian New Years was celebrated at the Lloydminster Exhibition Stockade this past weekend as hundreds gathered to celebrate culture, food, and of course dancing.

Lloy d minst er RCMP i s l o o king for the public’s assistance with property crime. Vehicle and licence plate thefts have been on the rise since this time last year and police are looking for ways to combat this crime. Residents from the Lloydminster and surrounding areas are invited to attend the Servus Sports Centre, located at 5202 12 Street, on Sunday Jan. 27 from 11 a.m. to 2 p.m.

to have an anti-theft screw installed on their licence plate. “Property Crime is a detachment priority,” Said Const. Alex Smith, project coordinator. “By installing this licence plate screw, vehicle and license plate thefts should decrease.” Members of the Lloydminster RCMP Detachment and Citizens On Patrol will be on hand serving free coffee and installing the free anti-theft screws provided Nissan Lloydminster.


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