|Bid||6.18 x N/A|
|Ask||6.19 x N/A|
|Day's Range||6.09 - 6.49|
|52 Week Range||4.06 - 11.70|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.63|
Some stocks are terrible investments. Entire industries can end up worthless. If you want to avoid traps like MEG Energy Corp (TSX:MEG), pay attention to these time-tested rules.
Husky Energy has suffered a more than 80 percent drop in its share price and Hong Kong billionaire Li Ka-shing has lost as much as $20 billion
CALGARY — Oilsands producer MEG Energy Corp. says it bought unused production quota room from other producers to increase its bitumen output to near maximum capacity in the second quarter despite the ongoing Alberta government oil curtailment program.The Calgary-based company says bitumen production from its steam-driven oilsands wells averaged 97,300 barrels per day in the three months ended June 30, compared with its capacity of about 100,000 bpd.The output represents a 36 per cent increase over 71,300 bpd in the same period in 2018, which was impacted by a large-scale maintenance shutdown, and was 12 per cent higher than 87,100 bpd in the first quarter.The company recorded a net loss of $64 million on revenue of $1.06 billion, compared with a loss of $179 million on revenue of $689 million in the second quarter of 2018.Alberta's oil quotas were imposed in January to draw down inventories after discounts on local oil prices rose due to pipeline export capacity not keeping up with increases in production.MEG says lower discounts for Canadian crude and higher U.S. benchmark crude prices allowed it to realize blended bitumen sales prices of US$51.72 per barrel in the second quarter, compared to US$44.40 per barrel in the first quarter.MEG says it has decided not to implement its previously announced discretionary capital budget addition of $75 million this year given ongoing curtailment, a lack of clarity on market access and its focus on debt repayment. Companies in this article: (TSX:MEG)The Canadian Press
CALGARY , July 24, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) will release its second quarter 2019 financial and operating results after market close on Tuesday, July 30, 2019 . Management's discussion and ...
The carnage in the Canadian energy sector has created some unbelievable bargains. Like MEG Energy Inc. (TSX:MEG), which could see 500% upside if crude recovers.
CALGARY , June 13, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) announces voting results from its Annual and Special Meeting of Shareholders held on June 13, 2019 . Shareholders elected all directors nominated ...
Hunting for a bargain? This group of beaten-down stocks, including Corus Entertainment Inc. (TSX:CJR.B), might provide the value you're looking for.
All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY , May 6, 2019 /CNW/ - MEG Energy Corp. ("MEG") reported its first quarter 2019 operational and financial results. ...
MEG Energy Corp. (TSX:MEG), Pengrowth Energy Corp. (TSX:PGF), and Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) are all precariously placed and vulnerable to weaker oil.
CALGARY , April 30, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) will release its first quarter 2019 financial and operating results before market open on Tuesday, May 7, 2019 . Management's discussion and ...
Intermediate oil producers such as MEG Energy Corp (TSX:MEG) could become targets as a wave of consolidation sweeps across North America's energy patch.
MEG Energy Corp (TSX:MEG) and these two other stocks are trading below their book values and could be great deals for investors that buy today.
Tired of declines? This trio of stocks, including Crescent Point (TSX:CPG)(NYSE:CPG), might have the rocket fuel you need.
Investors are shunning Canadian energy stocks in the face of a rebound in oil prices that promises to deliver strong earnings from companies hardened by a rough 2018, according to money managers following the battered sector.
It's a buyer's market for Canadian energy stocks right now. Which bargain stocks should you scoop up, Husky Energy Inc. (TSX:HSE) or MEG Energy Corp (TSX:MEG)?
Looking for small-cap bargain stocks? Check out Peyto Exploration & Development Corp (TSX:PEY), MEG Energy Corp (TSX:MEG), and Westshore Terminals Investment Corp (TSX:WTE).