MEG Energy Corp. (TSX:MEG)

Canada flag Canada · Delayed Price · Currency is CAD
29.79
-0.01 (-0.03%)
Oct 14, 2025, 4:00 PM EDT
-0.03%
Market Cap7.58B
Revenue (ttm)4.33B
Net Income (ttm)551.00M
Shares Out254.38M
EPS (ttm)2.09
PE Ratio14.25
Forward PE14.90
Dividend0.44 (1.48%)
Ex-Dividend DateSep 12, 2025
Volume2,739,685
Average Volume1,950,071
Open29.51
Previous Close29.80
Day's Range29.45 - 30.00
52-Week Range17.00 - 30.78
Beta1.50
RSI63.23
Earnings DateNov 4, 2025

About MEG Energy

MEG Energy Corp., an energy company, focuses on 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. 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 475
Stock Exchange Toronto Stock Exchange
Ticker Symbol MEG
Full Company Profile

Financial Performance

In 2024, MEG Energy's revenue was 5.15 billion, a decrease of -8.92% compared to the previous year's 5.65 billion. Earnings were 507.00 million, a decrease of -10.90%.

Financial Statements

News

Cenovus Energy (CVE) Acquires Stake in MEG Energy for Strategic Expansion

Cenovus Energy (CVE) Acquires Stake in MEG Energy for Strategic Expansion

17 hours ago - GuruFocus

Cenovus Energy (CVE) Secures 8.5% Stake in MEG Energy with New Offer

Cenovus Energy (CVE) Secures 8.5% Stake in MEG Energy with New Offer

20 hours ago - GuruFocus

Cenovus Energy (CVE) Increases Stake in MEG Energy

Cenovus Energy (CVE) Increases Stake in MEG Energy

22 hours ago - GuruFocus

Cenovus Energy acquires 8.5% stake in MEG Energy

Cenovus Energy said it has acquired 21,723,540 common shares of MEG Energy, giving it control over common shares representing an 8.5% stake in the company.

23 hours ago - Seeking Alpha

Canadian Oil Producers Prioritize Buying Over Building

A two-month-long bidding war in Canadas oil patch signaled there is another way for a company to boost its production and resources than investing in new oil sands production, which is considered the ...

1 day ago - OilPrice com

Strathcona Resources Withdraws MEG Energy Bid As Cenovus Energy Secures Friendly Deal

(RTTNews) - Strathcona Resources Ltd. has ended its hostile takeover attempt of MEG Energy Corp. (MEG.TO), paving the way for a friendly acquisition by Cenovus Energy Inc. (CVE, CVE.TO). The decision ...

4 days ago - Nasdaq

MEG Announces Filing of Amending Agreement and Additional Key Dates for the Improved Cenovus Transaction

Improved Cenovus Transaction involves consideration of $29.79 per MEG Share as of close of market on October 10, 2025 MEG has filed the Amending Agreement in connection with the Improved Cenovus Trans...

4 days ago - Benzinga

Strathcona Resources (SCR:CA) Ends MEG Energy Takeover Bid

Strathcona Resources (SCR:CA) Ends MEG Energy Takeover Bid

4 days ago - GuruFocus

Strathcona abandons takeover bid for MEG Energy

MEG accepted an increased offer from oilsands major Cenovus Energy earlier this week

4 days ago - Financial Post

Investor Outlook: Cenovus raises bid for MEG as oilsands takeover battle heats up

Cenovus raises its MEG Energy offer to $8.6B, boosting share options and delaying the vote as Strathcona weighs a possible counterbid.

6 days ago - BNN Bloomberg

Cenovus Ups The Ante For MEG Energy

Cenovus Energy has raised its offer for MEG Energy. Read more on what investors need to know about this M&A deal.

6 days ago - Seeking Alpha

Cenovus Sweetens Offer for MEG Energy to $6.2 Billion

Cenovus Energy is raising its takeover bid for MEG Energy in the best and final offer to buy the company that has seen rival bids from Cenovus and Strathcona Resources in recent months. Cenovus announ...

6 days ago - OilPrice com

Cenovus Sweetens Offer for MEG in Canada Oil Takeover Battle

Canada’s Cenovus Energy Inc. increased its takeover bid for rival MEG Energy Corp. one day before MEG investors were due to vote, signaling that the companies’ original deal didn’t have enough shareho...

6 days ago - Financial Post

CVE Finalizes Revised Acquisition Terms for MEG Energy

CVE Finalizes Revised Acquisition Terms for MEG Energy

6 days ago - GuruFocus

Cenovus sweetens takeover offer to $8.6 billion for MEG Energy

Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to $29.80 per share, in an attempt to match a rival bid from Strathcona Resources.

6 days ago - BNN Bloomberg

Cenovus sweetens takeover offer to $6.2 billion for MEG Energy

Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 per share, in an attempt to match a rival bid from Strathcona Resources.

6 days ago - Reuters

MEG Announces Improved Cenovus Transaction: Higher Offer, Increased Equity Participation, and Special Meeting Postponement

Improved Transaction Consideration of $29.80 per MEG Share represents an increase of $2.35 per MEG Share from the announced value of the Initial Transaction Consideration Improved Transaction Consider...

6 days ago - Benzinga

Ninepoint Exits MEG Energy Stake Ahead of Cenovus Deal Vote

One of MEG Energy Corp.’s largest shareholders sold its position ahead of a key vote on a takeover offer for the company, concerned that competing bids from both Cenovus Energy Inc. and Strathcona Res...

12 days ago - Financial Post

MEG Energy (MEGEF) Shareholders Urged to Back Cenovus Energy's Bid

MEG Energy (MEGEF) Shareholders Urged to Back Cenovus Energy's Bid

13 days ago - GuruFocus

MEG Energy says Glass Lewis recommends Cenovus takeover offer

MEG Energy said proxy advisory firm Glass Lewis issued a report recommending shareholders vote for Cenovus Energy's cash-and-stock takeover offer rather than Strathcona's all-stock offer.

13 days ago - Seeking Alpha

MEG Energy (MEGEF) Shareholders Urged to Approve Cenovus Deal

MEG Energy (MEGEF) Shareholders Urged to Approve Cenovus Deal

18 days ago - GuruFocus

MEG Energy holders should vote in favor of Cenovus takeover, ISS says

Proxy adviser ISS urges MEG Energy shareholders to approve the Cenovus sale, citing limited better offers.

18 days ago - Seeking Alpha