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MEG Energy
(TSX:MEG)
MEG Energy (MEG) vs. iShares MSCI Canada ETF (EWC)
MEG Energy Business Overview & Revenue Model
MEG Energy Earnings Call Summary
MEG Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.33B | 5.15B | 5.65B | 6.12B | 4.32B | 2.29B |
| Gross Profit | 2.36B | 2.51B | 2.56B | 3.13B | 2.12B | 469.00M |
| EBITDA | 1.27B | 1.47B | 1.48B | 2.05B | 1.04B | 569.00M |
| Net Income | 551.00M | 507.00M | 569.00M | 902.00M | 283.00M | -357.00M |
Balance Sheet | ||||||
| Total Assets | 6.78B | 7.39B | 6.90B | 7.03B | 7.59B | 7.22B |
| Cash, Cash Equivalents and Short-Term Investments | 195.00M | 156.00M | 160.00M | 192.00M | 361.00M | 114.00M |
| Total Debt | 1.05B | 1.10B | 1.38B | 1.82B | 3.03B | 3.20B |
| Total Liabilities | 2.16B | 2.84B | 2.37B | 2.65B | 3.79B | 3.72B |
| Stockholders Equity | 4.62B | 4.55B | 4.53B | 4.38B | 3.81B | 3.51B |
Cash Flow | ||||||
| Free Cash Flow | 711.00M | 792.00M | 900.00M | 1.51B | 359.00M | 153.00M |
| Operating Cash Flow | 1.38B | 1.34B | 1.35B | 1.89B | 690.00M | 302.00M |
| Investing Cash Flow | -614.00M | -501.00M | -478.00M | -354.00M | -281.00M | -189.00M |
| Financing Cash Flow | -657.00M | -860.00M | -896.00M | -1.73B | -165.00M | -216.00M |
MEG Energy Technical Analysis
MEG Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | C$4.13B | 12.27 | 12.21% | 6.55% | 7.02% | 7.16% | |
| ― | $13.09B | 9.07 | 10.88% | 6.95% | 36.36% | -19.92% | |
| ― | $7.33B | 13.63 | 11.70% | 1.38% | -22.92% | 0.54% | |
| ― | C$7.70B | 10.80 | 10.85% | 3.05% | 20.21% | 7.08% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $5.83B | 26.87 | 8.16% | 4.10% | -1.59% | 0.09% |
MEG Energy Corporate Events
MEG Energy Corp. has announced an improved transaction agreement with Cenovus Energy Inc., enhancing the consideration payable to MEG shareholders to $30.00 per share, split equally between cash and Cenovus shares. This move, supported by Strathcona Resources Ltd., is expected to secure approximately 79% shareholder approval, positioning MEG favorably within the industry and potentially impacting its market valuation and stakeholder interests.
The most recent analyst rating on (TSE:MEG) stock is a Sell with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced the postponement of its special shareholder meeting to vote on the proposed Cenovus Transaction to October 30, 2025. This decision comes as approximately 63% of MEG shares are in favor of the transaction, despite opposition from Strathcona Resources Ltd. The postponement allows shareholders additional time to submit proxies and vote. The Cenovus Transaction, valued at approximately $8.5 billion, offers a 44% premium on MEG’s share price and promises significant synergies, with Cenovus expecting to realize substantial annual savings. The MEG Board recommends the transaction due to its enhanced premium and strategic benefits.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced an improved transaction agreement with Cenovus Energy, offering MEG shareholders $29.79 per share, payable in cash and Cenovus shares. The company urges shareholders to vote in favor of this improved transaction before the revised proxy deadline, highlighting the increased value and strategic benefits of the deal, which aims to enhance MEG’s market position and shareholder value.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced an amended agreement with Cenovus Energy Inc., enhancing the terms of their previously agreed transaction. The amended deal increases the consideration for MEG shareholders to $29.79 per share, reflecting a more favorable exchange based on Cenovus’s recent share price. The shareholder meeting has been rescheduled to October 22, 2025, to provide additional time for shareholders to vote on the improved transaction, which is expected to close by October 27, 2025. This development signifies a strategic move for MEG, potentially strengthening its market position and offering better value to its stakeholders.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced an amended transaction agreement with Cenovus Energy Inc., increasing the consideration for MEG shareholders to $29.80 per share, a $2.35 increase from the initial offer. The revised deal, which includes a mix of cash and Cenovus shares, enhances shareholder participation in Cenovus’s growth potential and synergies, with the MEG board recommending a vote in favor of the transaction. The special meeting for shareholder voting has been postponed to October 22, 2025, to allow more time for proxy deposits.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. is urging its shareholders to vote in favor of a proposed transaction with Cenovus Energy Inc. before the upcoming proxy deadline. The transaction offers MEG shareholders a choice between cash, Cenovus shares, or a combination of both as compensation for their shares, with the deal valuing MEG at approximately $8.2 billion. The MEG Board and leading proxy advisory firms have recommended approval of the transaction, which could significantly impact MEG’s market positioning and shareholder value.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced that Glass Lewis, a leading independent proxy advisory firm, has recommended that MEG shareholders vote in favor of the acquisition by Cenovus Energy Inc. This endorsement follows a similar recommendation by Institutional Shareholder Services Inc. The transaction is valued at approximately $8.2 billion and offers MEG shareholders the option of cash, Cenovus shares, or a combination of both. The deal is expected to unlock significant operational synergies and provide a stronger long-term platform for MEG’s assets, with the potential to enhance shareholder value.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp. has announced that Institutional Shareholder Services Inc. (ISS), a leading proxy advisory firm, recommends its shareholders vote in favor of a transaction with Cenovus Energy Inc. This transaction is expected to unlock substantial synergy value and provide MEG shareholders with significant cash and share consideration, as well as participation in the long-term value creation potential of the combined company. The transaction has received necessary regulatory approvals from both Canadian and U.S. authorities, and MEG shareholders are encouraged to vote before the deadline. The deal is seen as more favorable compared to a competing offer from Strathcona Resources Ltd., which presents certain risks and lacks widespread shareholder support.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy’s Board of Directors has reaffirmed its recommendation for shareholders to support the Cenovus Transaction, rejecting the revised offer from Strathcona Resources. The board argues that the Strathcona offer exposes shareholders to inferior assets and greater financial risks, while the Cenovus deal promises substantial cash, value certainty, and long-term growth potential, aligning with shareholder interests and enhancing MEG’s market position.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy’s Board of Directors has unanimously recommended that shareholders reject the revised offer from Strathcona Resources Ltd. and instead support the transaction with Cenovus Energy Inc. The Cenovus transaction is valued at approximately $8.2 billion and offers MEG shareholders a choice of cash or Cenovus shares, promising value realization and lower risk. In contrast, the revised Strathcona offer is criticized for exposing shareholders to inferior assets, unproven track records, and significant financial risks, including a special distribution that weakens the balance sheet of the combined company.
The most recent analyst rating on (TSE:MEG) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy has entered into an agreement to be acquired by Cenovus Energy in a transaction valued at $7.9 billion, including the assumption of MEG’s debt. The deal offers MEG shareholders a 33% premium on their shares, with a mix of 75% cash and 25% Cenovus shares, providing value certainty and the opportunity to participate in the growth of a leading industry producer. The acquisition has been unanimously approved by MEG’s Board of Directors, who recommend shareholders vote in favor of the transaction, citing significant synergies and enhanced value realization from the amalgamation of assets.
The most recent analyst rating on (TSE:MEG) stock is a Buy with a C$31.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
MEG Energy Corp, a leading Canadian in situ thermal oil producer, specializes in the production, transportation, and sale of crude oil across North America and internationally. The company recently reported its second-quarter 2025 results, highlighting the successful completion of a major turnaround and an effective wildfire response. Additionally, MEG announced a 10% increase in its quarterly dividend to $0.11 per share, reflecting confidence in its strategic direction and commitment to shareholder returns.
MEG Energy Corp’s recent earnings call presented a balanced sentiment, highlighting both strong operational achievements and external challenges. The company successfully completed a major turnaround and showed a promising outlook for free cash flow and shareholder returns. However, the positive news was tempered by the impact of wildfires, lower commodity prices, and increased operating costs. While MEG Energy is well-positioned for growth, these external challenges have affected its short-term performance.
MEG Energy Corp. reported its second-quarter 2025 results, highlighting the successful completion of its largest planned turnaround amidst challenging wildfire conditions. The company also announced a 10% increase in its quarterly dividend to $0.11 per share, reflecting confidence in its strategic direction and commitment to shareholder returns. Key achievements include excellent safety performance, a safe wildfire response, and significant progress on the Facility Expansion Project, which remains on track for completion in 2027. Financially, MEG generated adjusted funds flow of $125 million and maintained production levels despite delays, with capital expenditures on plan and shareholder returns through share repurchases and dividends.
The most recent analyst rating on (TSE:MEG) stock is a Buy with a C$33.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.