MEG Energy Corp (MEG)

21.73
+1.04(+5.03%)
  • Volume:
    3,410,333
  • Bid/Ask:
    21.70/21.73
  • Day's Range:
    20.75 - 21.75

MEG Overview

Prev. Close
20.69
Day's Range
20.75-21.75
Revenue
2.84B
Open
20.77
52 wk Range
13.91-24.47
EPS
3
Volume
3,410,333
Market Cap
6.33B
Dividend (Yield)
N/A
(N/A)
Average Volume (3m)
2,414,280
P/E Ratio
7.23
Beta
2.96
1-Year Change
45.4%
Shares Outstanding
291,376,589
Next Earnings Date
Feb 27, 2023
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MEG Energy Corp News

MEG Energy Corp Analysis

MEG Energy Corp Company Profile

MEG Energy Corp Company Profile

Industry
Oil & Gas
Sector
Energy
Employees
413
Market
Canada
  • Type:Equity
  • Market:Canada
  • ISIN:CA5527041084
  • CUSIP:552704108

MEG Energy Corp. is a Canada-based energy company. The Company is focused on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods to improve the economic recovery of oil as well as lower carbon emissions. The Company transports and sells its thermal oil to customers throughout North America and internationally. Its technologies include SAGD, enhanced Modified Steam and Gas Push (eMSAGP), enhanced Modified VAPour EXtraction(eMVAPEX), and Cogeneration. It owns, leases and contracts for services at multiple facilities in order to transport, store and deliver Access Western Blend (AWB) to its customers. The Company's Christina Lake Project is a multi-phased project located 150 kilometers south of Fort McMurray in northeast Alberta. The project is comprised of approximately 200 square kilometers of leases.

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Analyst Price Target

Average23.54 (+8.32% Upside)
High34.00
Low18.00
Price21.73
No. of Analysts13
Strong Sell
Sell
Neutral
Buy
Strong Buy
Buy
Analysts 12-Month Price Target

Technical Summary

Type
5 Min
15 Min
Hourly
Daily
Monthly
Moving AveragesStrong BuyStrong BuyStrong BuyStrong BuyStrong Buy
Technical IndicatorsStrong BuyStrong BuyStrong BuyStrong BuyStrong Buy
SummaryStrong BuyStrong BuyStrong BuyStrong BuyStrong Buy
  • Paying off debt. No cap expenditures in near future. Making bank
    0
    • Meg is keeping production at an all time high and have been producing record amounts of oil. They have decided only to sustain the field for cap ex. Paying off debt.
      0
      • Meg is keeping production at an all time high and have been producing record amounts of oil. They have decided only to sustain the field for cap ex. Paying off debt.
        0
        • buy
          0
          • buy
            0
            • bought 11.15 going to 12
              0
              • going to run tomorrow
                0
                • Cenovus may buy this as well!
                  0
                  • Cenovus may buy this as well!
                    0
                    • oil sand stock
                      0