March 8, 2019 / 5:44 PM / 9 months ago

BUZZ-MEG Energy: Falls after bigger-than-expected loss, lower production

** Shares of Canadian oil sands producer down 4.8 pct at C$5.01, trading at their lowest since Jan. 23

** Co posts bigger-than-expected Q4 loss on selling bitumen crude at lower prices because of transportation bottlenecks

** Reports loss of 40 Canadian cents per share vs analysts’ avg. estimates of 24 Canadian cents per share - Refinitiv

** Says average realized prices for bitumen fell to C$13.90 per barrel from C$48.30

** Bitumen production fell to 87,582 barrels per day (bpd) from 90,228 bpd

** Including Friday’s losses, stock down ~35 pct YTD (Reporting by Debroop Roy in Bengaluru)

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