MEG Energy Corp. (MEGEF)

OTCMKTS · Delayed Price · Currency is USD
16.01
+0.22 (1.39%)
Dec 24, 2024, 11:34 AM EST
-10.66%
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]

Sector Energy
Founded 1999
Employees 451
Stock Exchange OTCMKTS
Ticker Symbol MEGEF
Full Company Profile

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 Statements

News

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.

14 days ago - Seeking Alpha

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.

15 days ago - Seeking Alpha

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

4 weeks ago - BNN Bloomberg

Meg Energy reports Q3 results

7 weeks ago - Seeking Alpha

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...

7 weeks ago - Benzinga

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.

3 months ago - Seeking Alpha

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.

3 months ago - BNN Bloomberg

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...

5 months ago - Seeking Alpha

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 - ...

5 months ago - Seeking Alpha

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...

8 months ago - Seeking Alpha

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 ...

8 months ago - Seeking Alpha

MEG Energy Corp. (MEGEF) Q4 2023 Earnings Call Transcript

MEG Energy Corp. (MEGEF) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - GuruFocus

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...

1 year ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha

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...

2 years ago - Seeking Alpha

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.

2 years ago - Seeking Alpha