MEG Energy Corp. (TSX:MEG)

Canada flag Canada · Delayed Price · Currency is CAD
26.60
-0.71 (-2.60%)
Aug 1, 2025, 4:00 PM EDT
-2.60%
Market Cap6.77B
Revenue (ttm)4.33B
Net Income (ttm)551.00M
Shares Out254.40M
EPS (ttm)2.09
PE Ratio12.72
Forward PE13.32
Dividend0.44 (1.65%)
Ex-Dividend DateSep 12, 2025
Volume595,439
Average Volume736,828
Open27.44
Previous Close27.31
Day's Range26.13 - 27.44
52-Week Range17.00 - 28.72
Beta1.62
RSI50.99
Earnings DateJul 31, 2025

About Arcadium Lithium

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

'We know that MEG is definitely not going to be one': Smead on major Canadian producers

Cole Smead, CEO & Portfolio Manager at Smead Capital Management, joins BNN Bloomberg to discuss MEG Energy earnings and it's company outlook.

3 days ago - BNN Bloomberg

'We know that MEG is definitely not going to be one of those': Smead on major Canadian producers

Cole Smead, CEO & Portfolio Manager at Smead Capital Management, joins BNN Bloomberg to discuss MEG Energy earnings and it's company outlook.

3 days ago - BNN Bloomberg

Recurring wildfires putting pressure on MEG: Stephenson

John Stephenson, Founder of Granite Point Research, joins BNN Bloomberg to discuss the latest MEG Energy Corp earnings results.

3 days ago - BNN Bloomberg

Cenovus chief strikes cautious note on possibility of bid for MEG Energy

CEO downplays company's need for acquisition, but stops short of confirming or denying any plans

4 days ago - Financial Post

MEG Energy in ‘defence mode’ as takeover talk overshadows quarterly earnings in the oilsands

Markets are watching for a potential white-knight bid for MEG

5 days ago - Financial Post

‘A bit of a bidding war’: Cenovus Energy said to be working on bid for MEG Energy

A major oilsands company is said to be preparing a competitive bid for MEG Energy Corporation setting up the stage to challenge a lucrative offer from Strathcona Resources, as reported in the Financia...

10 days ago - BNN Bloomberg

Cenovus plans reported bid for MEG Energy

Jeff Kauffman, Partner, Transportation & Logistics Equity Research at Vertical Research Partners, joins BNN Bloomberg to discuss the outlook for M&A in railways

10 days ago - BNN Bloomberg

Strathcona Plans Special Dividend If Takeover of Rival MEG Fails

Strathcona Resources Ltd. plans to issue a special dividend and increase the liquidity of shares traded should the company’s takeover attempt of MEG Energy Corp. fall through.

14 days ago - Financial Post

MEG Energy unlikely to find another buyer after rejecting Strathcona: expert

After MEG Energy urged its shareholders to reject a takeover proposal from rival Strathcona Resources on Monday, an expert says the Alberta-based oil company may struggle to find another buyer.

6 weeks ago - BNN Bloomberg

Don't see another suitor for MEG Energy: Smead

Cole Smead, CEO and portfolio manager at Smead Capital Management, joins BNN Bloomberg to share his outlook on the oil and energy sectors.

6 weeks ago - BNN Bloomberg

Better quality assets becoming more scarce: Portfolio manager

David Szybunka, Senior Portfolio Manager and MD, Energy Team at Canoe Financial, joins BNN Bloomberg to discuss Strathcona's takeover bid for MEG Energy.

7 weeks ago - BNN Bloomberg

MEG Energy’s board rejects Strathcona’s $4.2B takeover offer

MEG Energy's board urged its shareholders to reject the nearly C$6B hostile takeover offer from Strathcona Resources, calling the bid inadequate.

7 weeks ago - Seeking Alpha

MEG Energy’s board urges shareholders to reject Strathcona’s $6 billion offer

Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly $6 billion hostile takeover offer from Strathcona Resources.

7 weeks ago - BNN Bloomberg

Operations ramping up for oilsands companies after wildfires disrupt production

MEG Energy Corp. and Cenovus Energy Inc. announced operations are returning to normal after wildfires disrupted production near Christina Lake, south of Fort McMurray, Alta.

7 weeks ago - CBC News

Strathcona’s hostile bid for MEG Energy called the ‘largest investment in the Canadian oilpatch in a decade’

The terms of the deal are the same as a proposal that was originally made to MEG in April, which the board rejected

2 months ago - Financial Post

MEG Energy Urges Shareholders to Take NO ACTION with Respect to Unsolicited Takeover Bid by Strathcona Resources

CALGARY, AB , May 30, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) acknowledges the commencement by Strathcona Resources Ltd. ("Strathcona") of a conditional, unsolicited tak...

2 months ago - Benzinga