|Bid||7.58 x 0|
|Ask||7.59 x 0|
|Day's Range||7.28 - 7.61|
|52 Week Range||4.28 - 11.51|
|PE Ratio (TTM)||103.84|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.16|
CALGARY, Sept. 4, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG.TO - News) ("MEG" or the "Company") is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer (COO). Mr. Yee joined MEG in 2004, and has been instrumental in the Company's technical leadership and operational success in the thermal development of its Christina Lake asset. "Under Chi-Tak's leadership, MEG's operational team has successfully implemented industry-leading technologies that have advanced thermal recovery in the oil sands and significantly lowered the overall cost structure of the business," said Derek Evans, President and Chief Executive Officer.
As the new President and CEO of MEG Energy, I am writing to you today to share my enthusiasm for your company, and where senior management and I, along with the Board, will be focusing our efforts going forward to create shareholder value. It was obvious to me, long before I joined the company, that MEG possessed a world-class resource base that was being developed with leading technology backed by strong technical expertise. Based on my observations from the inside, I can confirm the company's strengths live up to its external reputation.
A Canadian court on Thursday overturned approval of the Trans Mountain oil pipeline expansion, ruling that Ottawa failed to adequately consider aboriginal concerns, in a blow to Prime Minister Justin Trudeau's efforts to balance environmental and economic issues. Trudeau's government agreed in May to buy the pipeline from Kinder Morgan Canada Ltd for C$4.5 billion ($3.46 billion), betting it would win the court battle and expand Trans Mountain despite fierce political and environmental opposition. The decision also hurts Canada's oil producers, who say the expanded pipeline is needed to address bottlenecks that have sharply reduced prices for their crude.
CALGARY , Aug. 13, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) ("MEG" or the "Company") reported that at a meeting of its Board of Directors on August 10, 2018 , Derek Evans , President ...
Oilsands producer MEG Energy Corp. says it has selected veteran oilman Derek Evans to replace interim CEO Harvey Doerr. The appointment comes less than five months after Evans' retirement from Pengrowth Energy Corp., where he had been CEO for nine years. MEG chairman Jeffrey McCaig says Evans was selected after an exhaustive search by a recruitment firm, adding he has been asked to focus on strengthening the company's balance sheet while growing production through small-scale technology-driven expansion projects to 113,000 barrels of bitumen per day by 2020.
New CEO brings extensive experience in the Canadian Oil and Gas industry with a proven track record of successful resource development and disciplined capital allocation CALGARY , Aug. 8, 2018 /CNW/ - ...
Second quarter 2018 results demonstrate that MEG Energy Corp. (TSX:MEG) is on track to unlock considerable value.
Increases 2018 production guidance and lowers non-energy operating cost per barrel guidance; remains on-track to reach 113,000 bpd in 2020 All financial figures in Canadian dollars ($ or C$) unless otherwise ...
CALGARY , July 26, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) announces that it intends to release its operating and financial results for the second quarter 2018 on Thursday, August 2, 2018. A conference ...
CALGARY , July 24, 2018 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) announces the resignation of Daniel S. Farb as a director of the Corporation effective immediately. ...
BOSTON, July 24, 2018 /CNW/ -- Highfields Capital Management ("Highfields"), a value-oriented investment firm that manages private funds which own more than 9.9% of MEG Energy Corp. (TSX:MEG.TO - News) ("MEG Energy" or the "Company") shares, today announced that Daniel S. Farb has resigned from the Board of Directors of MEG Energy, effective immediately. Mr. Farb, a Managing Director of Highfields, was appointed to MEG Energy's Board on December 1, 2017.
Suncor Energy Inc. (TSX: SU) (NYSE:SU) and MEG Energy Corp. (TSX:MEG) are two of Canada's oil sands producers. Which one should you own?
Oil prices have retreated in recent weeks, but Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) and other energy stocks could still have room to run this summer.
LONDON, UK / ACCESSWIRE / July 5, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Oil & Gas - E&P industry: Bellatrix Exploration, Gear Energy, MEG Energy, and Athabasca Oil. The TSX Venture Exchange shaved off 1.82 points, or 0.25%, to finish at 738.75. Today's stocks of interest consist of: Bellatrix Exploration Ltd (TSX: BXE), Gear Energy Ltd (TSX: GXE), MEG Energy Corporation (TSX: MEG), and Athabasca Oil Corporation (TSX: ATH).
Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) has generated great returns in the past three months, but these two other stocks have done even better.
MEG Energy Corp. (TSX:MEG) has been on a wild ride in recent months. Will the ride continue?
A lower discount for Canadian heavy crude will be a boon for oil sands producers Athabasca Oil Corp. (TSX:ATH) and MEG Energy Corp. (TSX:MEG).