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MEG Energy Corp

MEG.TO

Latest Trade

14.42CAD

Change

0.06(+0.42%)

Volume

1,319,103

Today's Range

14.41

 - 

15.00

52 Week Range

4.21

 - 

15.00

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
14.36
Open
14.75
Volume
1,319,103
3M AVG Volume
38.16
Today's High
15.00
Today's Low
14.41
52 Week High
15.00
52 Week Low
4.21
Shares Out (MIL)
306.84
Market Cap (MIL)
4,200.98
Forward P/E
21.28
Dividend (Yield %)
--

Next Event

Q4 2021 MEG Energy Corp Earnings Release

Latest Developments

More

Meg Energy Corp 2022 Capital Budget Of $375 Million

Meg Energy Reports Q3 Earnings Per Share C$0.34

MEG Energy Reports Revised Full Year Guidance

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About MEG Energy Corp

MEG Energy Corp. is a Canada-based energy company. The Company is focused on thermal oil production in the southern Athabasca region of Alberta, Canada. The Company transports and sells its thermal oil production to refiners throughout North America and internationally. The Company is actively developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods to improve the economic recovery of oil as well as lower carbon emissions. The Company's operating projects include Christina Lake Project, Surmont Project and Growth Properties. The Christina Lake Project is focused on oil development located in the southern Athabasca region, which is a multi-phased project located approximately 150 kilometres south of Fort McMurray in northeast Alberta. The Surmont project is located in the southern Athabasca region of Alberta, approximately 80 kilometres south of Fort McMurray.

Industry

Oil & Gas Operations

Contact Info

600 - 3rd Avenue S.W., 21st Floor

CALGARY, AB

T2P 0G5

Canada

+1.403.7700446

http://www.megenergy.com/

Executive Leadership

Ian D. Bruce

Independent Chairman of the Board

Derek W. Evans

President, Chief Executive Officer, Director

Eric L. Toews

Chief Financial Officer

Chi-Tak Yee

Chief Operating Officer

Lyle S. Yuzdepski

Senior Vice President, General Counsel, Corporate Secretary

Key Stats

2.33 mean rating - 15 analysts
Sell
Hold
Buy
Revenue (MM, CAD)

2018

2.7K

2019

3.9K

2020

2.3K

2021(E)

4.2K
EPS (CAD)

2018

-0.760

2019

-0.210

2020

-1.180

2021(E)

0.645
Price To Earnings (TTM)
35.23
Price To Sales (TTM)
1.11
Price To Book (MRQ)
1.16
Price To Cash Flow (TTM)
7.59
Total Debt To Equity (MRQ)
84.21
LT Debt To Equity (MRQ)
83.16
Return on Investment (TTM)
1.77
Return on Equity (TTM)
1.66

Latest News

Latest News

CANADA RESEARCH ROUNDUP- Hudbay Minerals, MEG Energy, Slate Office REIT

Securities analysts revised their ratings and price targets on several Canadian companies, including Hudbay Minerals, MEG Energy and Slate Office REIT, on Monday. HIGHLIGHTS * Hudbay Minerals Inc : Canaccord Genuity raises target price to C$5 from C$4.50 * MEG Energy Corp...

CANADA STOCKS-TSX falls with MEG Energy leading declines, coronavirus fears linger

Canada's main stock index fell on Monday on concerns over the economic impact of the coronavirus, with losses led by oil and gas producer MEG Energy, which sought to shelve an oil sands project.

REFILE-MEG Energy asks Alberta to shelve oil sands project - Globe & Mail

Canada's MEG Energy Corp has asked Alberta Energy Regulator (AER) for a three-year delay to the approval process of a proposed oil sands project in the province, because of what it called continuing difficulties, the Globe and Mail reported.

MEG Energy joins opposition to Enbridge pipeline changes in Canada

Oil sands producer MEG Energy Corp has become the largest producer so far to call for pipeline company Enbridge Inc to scrap plans to introduce long-term, fixed-volume contracts on its Mainline system, in a letter to Canadian regulators laying out its opposition.

MEG Energy complains to Canada regulator over proposed Enbridge pipeline changes

Oil sands producer MEG Energy has written to Canada's energy regulator to oppose pipeline company Enbridge Inc's plan to introduce long-term fixed volume contracts on its Mainline system.

MEG Energy beats adjusted profit estimates on higher output, prices

MEG Energy Corp <MEG.TO> reported a bigger-than-expected quarterly profit on Tuesday, as the Canadian oil sands producer benefited from a surge in production and higher prices.

MEG Energy Corp second-quarter loss narrows

Canadian oil sands producer MEG Energy Corp reported a smaller quarterly loss on Tuesday, benefiting from selling more barrels of bitumen crude at higher prices.

MEG Energy posts bigger-than-expected quarterly loss

Canadian oil sands producer MEG Energy Corp reported a bigger-than-expected quarterly loss on Thursday, as the company sold its bitumen crude at lower prices because of transportation bottlenecks.

MEG Energy's fourth-quarter loss widens

MEG Energy Corp reported a bigger quarterly loss, as the Canadian oil sands producer sold bitumen crude at lower prices.

Despite 60 percent support, Canada's Husky scrapped MEG oil merger

When the final numbers were tallied late last Wednesday for Husky Energy's hostile bid for rival Canadian oil producer MEG Energy, Husky's top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters.

MEG Energy cuts capital expenses to C$275 mln in 2019

Canadian oil sands producer MEG Energy Corp <MEG.TO> said on Tuesday it would halve its capital spending to a maximum of C$275 million ($206.33 million) this year amid a global supply glut.

MEG Energy expects to spend up to C$275 mln in 2019

Canadian oil sands producer MEG Energy Corp said on Tuesday it expects to spend up to C$275 million ($206.33 million) this year, after fighting off a hostile bid last week from bigger rival Husky Energy Inc .

Exclusive: Canadian oil firm MEG says Husky balked at friendly takeover talks

Canadian oil producer MEG Energy Corp's CEO invited his Husky Energy Inc counterpart this month to negotiate a friendly takeover of MEG, but Husky did not follow up, MEG's vice president of investor relations John Rogers said on Friday.

Husky scraps bid for oil rival MEG Energy, citing Alberta output cuts

Canadian oil producer Husky Energy <HSE.TO> shocked investors on Thursday when it abandoned its hostile bid for MEG Energy <MEG.TO>, saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut.

Husky Energy to receive majority support in MEG takeover bid -sources

Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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