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MEG Energy ( (TSE:MEG) ) just unveiled an announcement.
MEG Energy Corp. has received the final court order for its transaction with Cenovus Energy, which is expected to close on November 13, 2025. The preliminary election results indicate that MEG shareholders will receive a mix of cash and Cenovus shares, with specific allocations depending on their prior elections. This transaction marks a significant step for MEG, potentially affecting its market positioning and shareholder value.
The most recent analyst rating on (TSE:MEG) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
Spark’s Take on TSE:MEG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEG is a Outperform.
MEG Energy’s overall stock score is driven by strong operational efficiency and strategic growth initiatives highlighted in the earnings call. While the company faces challenges with declining revenue and free cash flow growth, its robust balance sheet and positive technical indicators provide a solid foundation. The valuation is fair, reflecting the stock’s current market position.
To see Spark’s full report on TSE:MEG stock, click here.
More about MEG Energy
MEG Energy Corp. is a Canadian energy company focused on the production of oil sands. The company primarily engages in the development and production of in-situ oil sands projects in Alberta, Canada.
Average Trading Volume: 1,524,904
Technical Sentiment Signal: Buy
Current Market Cap: C$7.69B
Find detailed analytics on MEG stock on TipRanks’ Stock Analysis page.