|Bid||1.4900 x N/A|
|Ask||1.5000 x N/A|
|Day's Range||1.1300 - 1.5700|
|52 Week Range||1.1300 - 8.0700|
|Beta (5Y Monthly)||2.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2020 - May 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.05|
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (13,038.50, up 350.76 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.59 per cent, to 42.5 cents on 17.5 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up $2.54, or 15.46 per cent, to $18.97 on 15.6 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $2.40, or 18.02 per cent, to $15.72 on 15.5 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 17 cents, or 11.64 per cent, to $1.29 on 15.2 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up six cents, or 2.55 per cent, to $2.41 on 11.4 million shares.MEG Energy Corp. (TSX:MEG). Energy. Up 27 cents, or 22.13 per cent, to $1.49 on 11.4 million shares.Companies in the news:Transat AT. (TSX:TRZ). Down 74 cents or 7.8 per cent, to $8.75. The Competition Bureau's warning about Air Canada's proposed takeover of Transat AT Inc., which owns Air Transat, should be taken in context, analysts say. The watchdog said Friday that eliminating the rivalry between the two Montreal-based carriers would discourage competition by prompting higher prices and fewer services. Desjardins Securities analyst Benoit Poirier said he believes the purchase will still be approved "considering the companies' willingness to address the bureau's competition concerns," such as potential dominance of airport slots.Canadian Imperial Bank of Commerce (TSX:CM). Up $1.33 to $79. An Ontario Superior Court judge has ruled against the CIBC in an overtime class-action lawsuit filed more than a decade ago. Judge Edward Belobaba found the bank liable for breaching its overtime obligations to a class of about 31,000 current and former tellers, personal bankers and other front-line workers in branches across Canada.Canadian Apartment Properties Real Estate Investment Trust. (TSX:CAR.UN). down 23 cents to $41.90. Some of Canada's biggest landlords say they're committed to working with tenants who have lost their job because of the coronavirus pandemic. Mark Kenney, CEO of Canadian Apartment Properties Real Estate Investment Trust, says the company is committed to working with those who have suddenly lost their job, and is "violently against" evicting anyone who's in distress.Freshii Inc. (TSX:FRII). Down one cent to $1.23. Freshii Inc. is delaying the filing of its latest financial results as it deals with the COVID-19 pandemic and its impact on its restaurants and franchise partners. The company says it has also temporarily "streamlined its head office workforce" in a move to cut costs. It did not say how many people were affected. Freshii says the COVID-19 pandemic is expected to have a material impact on its business, operations and financial performance for at least the first half of 2020.Parkland Fuel Corp. (TSX:PKI). Up 85 cents or 3.5 per cent to $25.05. Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus. The Calgary-based company, which sells fuel through more than 2,600 service stations throughout Canada and in the United States and Caribbean, says it plans to spend $275 million this year, down from its earlier guidance of $575 million.Air Canada (TSX:AC). Down 67 cents or four per cent to $1608. Air Canada will temporarily lay off more than 15,000 unionized workers beginning this week as the airline struggles with fallout from the COVID-19 pandemic. The layoffs will continue through April and May amid drastically reduced flight capacity from the Montreal-based airline. Air Canada says the two-month furloughs will affect about one-third of management and administrative and support staff, including head office employees, in addition to the front-line workers.This report by The Canadian Press was first published March 30, 2020.The Canadian Press
Plunging oil prices are prompting Canadian energy firms to shelve hundreds of millions in capital spending as the oil patch braces for a flood of cheap crude hitting global energy markets.
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY , March 10, 2020 /CNW/ - MEG Energy Corp. (TSX:MEG, ...
TORONTO , March 10, 2020 /CNW/ - Trading resumes in: Company: MEG Energy Corp. TSX Symbol: MEG Resumption (ET): 9:59:16 AM IIROC can make a decision to impose a temporary suspension (halt) of trading ...
TORONTO , March 10, 2020 /CNW/ - The following issues have been halted by IIROC: Company: MEG Energy Corp. TSX Symbol: MEG Reason: Single-Stock Circuit Breaker Halt Time (ET): 9:54:16 AM IIROC can make ...
CALGARY — MEG Energy Corp. reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier.The company says the profit amounted to nine cents per diluted share for the quarter ended Dec. 31 compared with a loss of 67 cents per diluted share in the last three months of 2018.Revenue totalled $992 million, up from $520 million in the fourth quarter of 2018.Bitumen production in the quarter averaged 94,566 barrels per day, up from 87,582 in the same quarter a year earlier.MEG Energy chief executive Derek Evans says the company remains committed to driving efficiencies in its business from a financial, operational and cost perspective and will continue to direct all available free cash flow to debt repayment.MEG is focused on in situ thermal oil production in the southern Athabasca area of Alberta.This report by The Canadian Press was first published March 5, 2020.Companies in this story: (TSX:MEG) The Canadian Press
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY , March 4, 2020 /CNW/ - MEG Energy Corp. (TSX:MEG, ...
Chinese citizens are on lock-down to control the spread of the coronavirus, which may impact oil companies with high leverage, such as Baytex (TSX:BTE)(NYSE:BTE).
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CALGARY, Jan. 31, 2020 /CNW/ - MEG Energy Corp. today announced that it has successfully closed its previously announced offering (the "offering") of US$1,200 million in aggregate principal amount of 7.125% senior unsecured notes due February 2027 (the "notes"). MEG intends to use the net proceeds of the offering, together with cash on hand, (i) to refinance its US$800 million in aggregate principal amount of 6.375% senior unsecured notes due January 2023 (the "2023 Notes") by way of a previously announced conditional redemption, (ii) to redeem US$400 million of its US$1,000 million aggregate principal amount of 7.00% senior unsecured notes due March 2024 (the "2024 Notes") by way of a previously announced conditional redemption, and (iii) to pay fees and expenses related to the offering.
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY , Jan. 16, 2020 /CNW/ - MEG Energy Corp. ("MEG" ...
CALGARY , Jan. 16, 2020 /CNW/ - MEG Energy Corp. ("MEG" or the "Company") (MEG.TO) announced today that, subject to market and other conditions, it plans to commence a private offering (the "offering") of US$800 million in aggregate principal amount of senior unsecured notes due 2027 (the "notes"). MEG intends to use the net proceeds of the offering, if completed, and cash on hand to (i) redeem in full its US$800 million aggregate principal amount of 6.375% senior unsecured notes due January 2023 (the "2023 Notes") and (ii) pay fees and expenses related to the offering. MEG also announced today that it has issued (i) a conditional notice to redeem in full MEG's US$800 million in aggregate principal amount of 2023 Notes at a redemption price of 101.063%, plus accrued and unpaid interest to, but not including, the redemption date; and (ii) a notice to redeem US$100 million aggregate principal amount of its 6.50% senior secured second lien notes due 2025 (the "Second Lien Notes") at a redemption price of 104.875%, plus accrued and unpaid interest to, but not including, the redemption date.