MEG Energy Corp.

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 16:00:00 2024-05-07 EDT 5-day change 1st Jan Change
31.59 CAD +0.10% Intraday chart for MEG Energy Corp. +0.89% +33.46%

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MEG Energy's Sector Perform Rating, $37 Price Target Maintained by National Bank of Canada MT
MEG Energy Maintained at Buy at TPH Following First-Quarter Results; Price Target at C$40.00 MT
MEG Energy Brief: Co expects additional Canada pipeline capacity from the imminent start up of TMX will Narrow heavy oil differentials, reduce differential volatility and improve netbacks on all of MEG's production MT
MEG Energy Brief: Says Bitumen production averaged Near 104,000 barrels per day In Q1, and $217 million of free cash flow supported Repurchase of 4.7 million shares and $142 million of debt redemption MT
MEG Energy Brief: Q1 Funds flow from operating activities and adjusted funds flow of $329 million, or $1.19 per share MT
MEG Energy Brief: 2024 operating and capital guidance remains unchanged MT
MEG Energy Brief: Q1 Per share, diluted $0.36 MT
MEG Energy Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Meg Energy Corp. Announces Consolidated Operating Results for the First Quarter Ended March 31, 2024 CI
North American Morning Briefing : Stock Futures Rise as Hopes of Rate Cut Return DJ
Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say RE
With oil set to flow, what next for Canada's Trans Mountain pipeline expansion? RE
MEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00 MT
RBC Capital Markets Details Bitumen Production In Alberta For February MT
CIBC Raises Price Target on 6 Canadian Energy Stocks MT
MEG Energy Corp. announces an Equity Buyback for 24,007,526 shares, representing 8.82% of its issued share capital. CI
MEG Energy Brief: Bid will become effective on March 11, 2024 and will terminate on March 10, 2025 or such earlier time as the Bid is completed or terminated at the option of MEG MT
MEG Energy Brief: Co will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 24,007,526 common shares of the Corporation MT
MEG Energy Brief: Received TSX Approval for Renewal of Normal Course Issuer Bid MT
MEG Energy Corp. authorizes a Buyback Plan. CI
MEG Energy Maintained at Outperform at BMO After Q4 Results; Price Target Raised to C$35.00 MT
MEG Energy Kept at Sector Perform by National Bank Following Q4 Results; Price Target Raised to C$32.00 MT
MEG Energy says Canada's Trans Mountain to start line fill from April RE
MEG Energy Maintained at Buy at TPH Following Q4 Results; Price Target Kept at C$35.00 MT
Transcript : MEG Energy Corp., 2023 Earnings Call, Mar 01, 2024
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MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.
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More about the company
Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
31.56 CAD
Average target price
34.93 CAD
Spread / Average Target
+10.67%
Consensus
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