MEG Energy Corp. (MEGEF)
Market Cap | 4.21B |
Revenue (ttm) | 4.03B |
Net Income (ttm) | 373.07M |
Shares Out | n/a |
EPS (ttm) | 1.36 |
PE Ratio | 11.28 |
Forward PE | n/a |
Dividend | 0.14 (0.90%) |
Ex-Dividend Date | Dec 16, 2024 |
Volume | 5,801 |
Open | 15.75 |
Previous Close | 15.79 |
Day's Range | 15.75 - 16.01 |
52-Week Range | 14.97 - 24.59 |
Beta | 2.89 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Feb 28, 2025 |
About MEG Energy
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. It also transports and sells thermal oil in North America and internationally. The company was incorporated in 1999 and is headquartered in Calgary, Canada. [Read more]
Financial Performance
In 2023, MEG Energy's revenue was 5.65 billion, a decrease of -7.60% compared to the previous year's 6.12 billion. Earnings were 569.00 million, a decrease of -36.92%.
Financial numbers in CAD Financial StatementsNews
MEG Energy: Political Target
MEG Energy (MEGEF) is that rare upstream thermal company that remains independent. Check out why I downgrade the stock from hold to sell.
MEG Energy: 'Show Me The Money, Darlene' (Rating Downgrade)
MEG Energy's stock underperformance is due in part to management's focus on share buybacks over dividends. Read why MEGEF stock is a Hold.
Time And Tide Fix The Overvaluation For MEG Energy
Eric Nuttall's Top Picks: MEG Energy, ARC Resources and Tamarack Valley Energy
Eric Nuttall's Market Outlook: Energy stocks, discusses his top picks:MEG Energy, ARC Resources and Tamarack Valley Energy
MEG Energy Corp. (MEGEF) Q3 2024 Earnings Call Transcript
Meg Energy reports Q3 results
MEG Energy announces third quarter 2024 financial and operating results
CALGARY, AB , Nov. 5, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") reported its third quarter 2024 operational and financial results. 1 "Following another strong financial an...
MEG Energy moves up after pledging full shareholder returns following debt reduction
MEG Energy increases capital returns to shareholders to 100% of free cash flow after completing debt reduction strategy.
Eric Nuttall's Top Picks: Meg Energy, Tamarack Valley Energy, and Freehold Royalties
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, discusses his top picks: Meg Energy, Tamarack Valley Energy, and Freehold Royalties.
MEG Energy: Primed For Growth (Rating Upgrade)
MEG Energy: Dividends Are Finally Arriving (Rating Upgrade)
The Q2 update shows production success but weak cash flow due to inventory buildup and initial TMX filling. MEG Energy has nearly reached its debt target and is ready to pay 100% of FCF to shareholder...
MEG Energy Corp. (MEGEF) Q2 2024 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Darlene Gates - Chief Executive Officer Ryan Kubik - Chief Financial Officer Erik Alson - ...
MEG Energy Corp. (MEGEF) Q1 2024 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Darlene Gates – Chief Executive Officer Ryan Kubik – Chief Financial Officer Erik Alson – Se...
MEG Energy: Impacts Of The New Royalty Regime - Trans Mountain Expansion, Increased Payouts
MEG Energy is expected to benefit from narrowing heavy oil differential caused by the coming TMX pipeline. By the end of the third quarter, the company should switch to a 100% payout via buybacks and ...
MEG Energy Corp. (MEGEF) Q4 2023 Earnings Call Transcript
MEG Energy Corp. (MEGEF) Q4 2023 Earnings Call Transcript
MEG Energy: Buyback Bonanza Likely Coming
MEG Energy is a top Canadian oil sand producer with capital appreciation potential and leverage to rising oil prices. The company has had a good first 9 months of 2023, with solid production growth an...
MEG Energy Corp. (MEGEF) Q3 2023 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Derek Evans – President and Chief Executive Officer Darlene Gates – Chief Operating Off...
Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half
Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals d...
MEG Energy Corp. (MEGEF) Q1 2023 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q1 2023 Results Conference Call May 2, 2023 8:00 AM ET Company Participants Derek Evans - CEO Darlene Gates - COO Ryan Kubik - CFO Conference Call Participants Menno Hul...
Smead International Value 1Q 2023 Newsletter: Buying Unwanted Assets
To kick off the beginning of 2023, there continues to be a bias we see in equity investor portfolios. These portfolios have many of the traits investors see at the endpoints of the economy like softwa...
MEG Energy Corp. (MEGEF) Q4 2022 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Derek Evans - CEO Darlene Gates - COO Ryan Kubik - CFO Conference Call Participants Pa...
MEG Energy: The Buybacks Just Keep Coming
MEG continues to put off paying a dividend but is committed to spending 50% of FCF on buybacks. MEG has reduced its debt by $3.5 billion since 2016, and the focus remains on getting under $600 million...
MEG Energy: The Little Oilsands Company That Could
MEG Energy has delivered negative 50% total returns over the last decade. With zero refinery exposure and high debt load, the company always promised, but never delivered.
MEG Energy Corp. (MEGEF) Q3 2022 Earnings Call Transcript
MEG Energy Corp. (OTCPK:MEGEF) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Derek Evans - Chief Executive Officer Darlene Gates - Chief Operating Officer Ryan Kub...
MEG Energy: The WCS Differential Should Recover
Since early summer, MEG Energy Corp. has underperformed relative to other oil equities. The likely culprit is the widening WCS-WTI spread.