MEG Energy Corp.

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 04:46:15 2024-03-27 pm EDT 5-day change 1st Jan Change
30.85 CAD +0.72% Intraday chart for MEG Energy Corp. +1.31% +30.33%

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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
MEG Energy Brief: At current prices MEG "Well Positioned" to achieve US$600 million net debt in Q3 2024, after which 100% of free cash flow will be returned to shareholders MT
MEG Energy Brief: Says Financial performance Also strong generating nearly $1 billion of free cash flow for debt repayment and share buybacks MT
MEG Energy Brief: Annual production grew by 6%, averaging over 100,000 barrels per day for first time and exiting year at approximately 110,000 barrels per day MT
MEG Energy Corp. Announces CEO Changes CI
MEG Energy Corp. Announces Derek Evans to Step Down as President and from Board of Directors, Effective May 1, 2024 CI
MEG Energy Brief: Q4 Per share Diluted 0.37 MT
Tranche Update on MEG Energy Corp.'s Equity Buyback Plan announced on March 8, 2023. CI
MEG Energy Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
MEG Energy Corp. Provides Production Guidance for the Year 2024 CI
MEG Energy Brief: Announcing President & Chief Executive Officer Succession; Darlene Gates to become President & CEO with departure of Derek Evans MT
North American Morning Briefing : Fed's Preferred Inflation Gauge in the Spotlight DJ
MEG Energy Corp.'s Board intends to launch an Equity Buyback. CI
RBC Capital Markets Outlines Production Updates From Canadian Oil Sands Companies MT
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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
30.85 CAD
Average target price
32.14 CAD
Spread / Average Target
+4.19%
Consensus
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  5. Goldman Sachs Maintains Neutral Rating on MEG Energy, Raises Price Target, Ahead of Q1 Results