Meg Energy sees earnings rise in first quarter to $98 million

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*

 SDV

CALGARY - Meg Energy Corp. says it earned $98 million in its first quarter, up from $81 million during the same quarter last year.

Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow heavy oil differentials, reduce differential volatility and improve netbacks on the company's production.

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