|Bid||21.22 x N/A|
|Ask||21.23 x N/A|
|Day's Range||21.06 - 21.57|
|52 Week Range||13.91 - 24.47|
|Beta (5Y Monthly)||2.96|
|PE Ratio (TTM)||7.29|
|Earnings Date||Feb 27, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.00|
MEG Energy, an oil shipper on Canada's Trans Mountain Expansion (TMX) project, said on Monday the pipeline is expected to start filling with oil in late 2023 and be fully operational early next year. The Canadian government-owned Trans Mountain pipeline, which transports crude from Alberta's oil sands to the Pacific Coast, will boost capacity to 890,000 barrels per day (bpd) from 300,000 bpd currently once the expansion is complete. Oil sands producer MEG has secured 20,000 bpd on the pipeline.
Every investor in MEG Energy Corp. ( TSE:MEG ) should be aware of the most powerful shareholder groups. With 59% stake...
MEG Energy stock soared 50% in 2022 and 1,000% since the pandemic. The post Can MEG Energy Stock Double in 2023 Like Last Year? appeared first on The Motley Fool Canada.