MEG.TO - MEG Energy Corp.

Toronto - Toronto Delayed Price. Currency in CAD
5.36
+0.06 (+1.13%)
At close: 4:00PM EST
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Previous Close5.30
Open5.36
Bid5.30 x 0
Ask5.40 x 0
Day's Range5.34 - 5.43
52 Week Range4.28 - 11.70
Volume1,599,105
Avg. Volume2,704,609
Market Cap1.591B
Beta (3Y Monthly)0.41
PE Ratio (TTM)28.66
EPS (TTM)0.19
Earnings DateMar 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.75
  • CNW Group20 days ago

    MEG Energy Announces Year-End 2018 Release Date and Provides Conference Call Details

    MEG Energy Announces Year-End 2018 Release Date and Provides Conference Call Details

  • Oilprice.com26 days ago

    Canadian Heavy Crude Producers Find New Ways To Ship Oil

    Canadian heavy crude and bitumen producers are experimenting with new ways to dilute and ship Bitumen, bringing down costs and optimizing shipping

  • ACCESSWIRE27 days ago

    Today's Research Reports on Alacer Gold, MEG Energy, Tourmaline Oil and Valeura Energy

    NEW YORK, NY / ACCESSWIRE / January 23, 2019 / The Market Wealth Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...

  • MEG Eyes Spending Cut, Board Shakeup After Husky’s Bid Fails
    Bloomberg28 days ago

    MEG Eyes Spending Cut, Board Shakeup After Husky’s Bid Fails

    It had forecast a 2019 capital plan of C$500 million in October. Rival producer Husky Energy Inc. abandoned a C$2.75 billion offer for MEG last week, citing its failure to win enough shareholder support and the deterioration in Canada’s oil-sands industry, where a lack of pipeline space has hammered prices and prompted Alberta officials to mandate production cuts. “For an initial re-engagement with the Street coming out of the hostile takeover process with Husky, we believe this strikes the right chord,” Chris Cox, an analyst at Raymond James Ltd., said in a note.

  • Reuters28 days ago

    MEG Energy cuts capital expenses to C$275 mln in 2019

    Canadian oil sands producer MEG Energy Corp said on Tuesday it would halve its capital spending to a maximum of C$275 million this year amid a global supply glut. MEG, which fought off a hostile bid last ...

  • Reuters28 days ago

    MEG Energy expects to spend up to C$275 mln in 2019

    Canadian oil sands producer MEG Energy Corp said on Tuesday it expects to spend up to C$275 million this year, after fighting off a hostile bid last week from bigger rival Husky Energy Inc . MEG expects ...

  • CNW Group28 days ago

    MEG Energy announces disciplined 2019 capital investment plan, maintains optionality to reach 113,000 bpd in 2020

    A discretionary capital budget of $75 million , which would not be sanctioned until mid-2019 subject to market conditions at that time. While MEG has the ability to average 100,000 bpd of production in 2019, due to the Alberta Government mandated production curtailments, MEG expects 2019 production to average 90,000 to 92,000 bpd, and non-energy operating costs in the range of $4.75 to $5.25 per barrel.

  • CNW Group28 days ago

    MEG Energy announces the timing of the release of its 2019 capital budget and conference call

    MEG Energy announces the timing of the release of its 2019 capital budget and conference call

  • Rigzone.com28 days ago

    MEG to Cut Spending and Shuffle Board

    Fresh off defeating a hostile takeover bid, MEG Energy is slashing capital spending and reviewing the makeup of its board.

  • Reuterslast month

    Deals of the day-Mergers and acquisitions

    ** Schlumberger NV said it would withdraw its application for the acquisition of a stake in Russia's Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. ** The chief executive officer of Canadian oil producer MEG Energy Corp invited his counterpart at Husky Energy Inc earlier this month to negotiate a friendly takeover of MEG but Husky did not follow up, MEG's vice president of investor relations, John Rogers, said.

  • Reuterslast month

    Exclusive: Canadian oil firm MEG says Husky balked at friendly takeover talks

    Canadian oil producer MEG Energy Corp's (MEG.TO) CEO invited his Husky Energy Inc (HSE.TO) counterpart this month to negotiate a friendly takeover of MEG, but Husky did not follow up, MEG's vice president of investor relations John Rogers said on Friday. Husky abandoned its hostile bid for MEG on Thursday, saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut. MEG produced an estimated 88,000 barrels of oil per day in 2018, according to GMP First Energy, equal to about 40 percent of Husky's production.

  • Moody'slast month

    Husky Energy Inc. -- Moody's says termination of takeover bid for MEG is credit positive for Husky; no ratings impact for MEG Energy

    Moody's Investors Service ("Moody's") says that Husky Energy Inc.'s (Husky, Baa2 stable) announcement that its unsolicited offer to acquire a majority of MEG Energy Corp.'s (MEG, B3 stable) shares did not gather sufficient support to move forward is credit positive. The outright termination of the takeover bid is credit positive for Husky because the acquisition of MEG would have been leveraging in nature while reducing Husky's integration and increasing its exposure to heavy oil differentials. Husky will instead maintain its already strong financial position, characterized by robust metrics, significant integration and organic production growth.

  • Rigzone.comlast month

    MEG Plans to Spend Less and Boost Oil Output

    MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.

  • CNW Grouplast month

    MEG Energy Responds to Expiration of Husky Energy's Takeover Offer

    CALGARY , Jan. 17, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG, "MEG" or the "Company") acknowledges Husky Energy's ("Husky") press release, stating that the takeover offer for MEG did not meet Husky's minimum tender conditions, due to insufficient shareholder support. By its nature, such forward-looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated.

  • Reuterslast month

    Husky ends bid for MEG Energy after failing to win shareholder support

    Husky Energy Inc said on Thursday it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders. Husky had argued the bid offered a premium to MEG's share price, giving investors exposure to Husky's stronger balance sheet and included the prospect of C$200 million per year in synergies.

  • Rigzone.comlast month

    Husky Ends MEG Takeover Bid

    Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.

  • Reuterslast month

    Canada's Husky Energy to receive majority support in hostile MEG takeover -sources

    Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's C$3.3 billion ($2.5 billion) unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters. The deal reflects Husky's strategy to double down on heavy oil production, even as clogged pipelines drove down Canadian prices last year.

  • CNW Group2 months ago

    MEG Energy Announces Intention to Waive Application of its Shareholder Rights Plan and Reiterates the Unanimous Recommendation of its Board of Directors to REJECT the Husky Energy Offer

    CALGARY , Dec. 21, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG, "MEG" or the "Company") today acknowledges that on December 14, 2018 , the Alberta Securities Commission issued a decision Re Husky Energy Inc., 2018 ABASC 184 (the "Decision"), exempting Husky from subsection 2.23(1) of National Instrument 62-104 Take-Over Bids and Issuer Bids which requires Husky to offer identical consideration to all of the holders of the same class of securities that are subject to a take-over bid in connection with the Husky Offer. In light of the foregoing, MEG hereby announces that it has irrevocably waived the application of the Shareholder Rights Plan effective January 15, 2019 to all offers, including the Husky Energy offer, as the Shareholder Rights Plan has served its intended purpose.

  • Reuters2 months ago

    Canada's Husky gets regulatory approvals to buy MEG Energy

    Canadian oil and gas producer Husky Energy Inc said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp, but MEG has yet to agree on the deal. In October, Husky made an unsolicited ...

  • ACCESSWIRE2 months ago

    Today's Research Reports on Crescent Point Energy, Alacer Gold, Epsilon Energy and MEG Energy

    NEW YORK, NY / ACCESSWIRE / December 7, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of MEG.TO earnings conference call or presentation 1-Nov-18 2:00pm GMT

    Q3 2018 MEG Energy Corp Earnings Call

  • ACCESSWIRE3 months ago

    Today's Research Reports on Alacer Gold, Epsilon Energy, Imperial Oil and MEG Energy

    NEW YORK, NY / ACCESSWIRE / November 6, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...

  • CNW Group4 months ago

    MEG Energy reports record production, record low net operating costs per barrel, and strong funds flow from operations in third quarter of 2018

    MEG Energy reports record production, record low net operating costs per barrel, and strong funds flow from operations in third quarter of 2018