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MEG Energy Corp (MEG)

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11.65 +0.42    +3.74%
22/10 - Closed. Currency in CAD ( Disclaimer )
Type:  Equity
Market:  Canada
ISIN:  CA5527041084 
CUSIP:  552704108
  • Volume: 2,003,495
  • Bid/Ask: 11.63 / 11.65
  • Day's Range: 11.30 - 11.65
MEG Energy Corp 11.65 +0.42 +3.74%

For the six months ended 30 June 2021, MEG EnergyCorp revenues increased 98% to C$1.92B. Net income totaledC$51M vs. loss of C$364M. Revenues reflect United Statessegment increase from C$521M to C$1.09B, Canada segmentincrease of 88% to C$802M. Net Income reflects Explorationexpense decrease from C$366M (expense) to C$0K, Foreignexchange gain (loss), net) increase from C$154M (expense)to C$84M (income).

TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

MEG Income Statement

Gross margin TTM 34.35%
Operating margin TTM 0.19%
Net Profit margin TTM 1.79%
Return on Investment TTM 0.85%
 Total Revenue  Net Income
Period Ending: Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Total Revenue 1009 914 787 533
Gross Profit 410 340 228 136
Operating Income 100 -13 -60 -21
Net Income 68 -17 16 -9

MEG Balance Sheet

Quick Ratio MRQ 0.99
Current Ratio MRQ 1.2
LT Debt to Equity MRQ 86.22%
Total Debt to Equity MRQ 86.98%
 Total Assets  Total Liabilities
Period Ending: Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Total Assets 7401 7313 7224 7188
Total Liabilities 3837 3822 3718 3693
Total Equity 3564 3491 3506 3495

MEG Cash Flow Statement

Cash Flow/Share TTM 1.54
Revenue/Share TTM 10.64
Operating Cash Flow  29.77%
 Cash  Net Change in Cash
Period Ending: Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Period Length: 6 Months 3 Months 12 Months 9 Months
Cash From Operating Activities 192 12 302 186
Cash From Investing Activities -122 -49 -189 -145
Cash From Financing Activities -22 -17 -216 -209
Net Change in Cash 45 -60 -92 -157
* In Millions of CAD (except for per share items)
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MEG Comments

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RW Ly
RW Ly Sep 13, 2020 1:31PM ET
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Anyone else hearing unsolicited offer of MEG coming  this week?
Alex Kiliti
Alex Kiliti Jun 11, 2020 8:07AM ET
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back to 2 dollars?
Kons Ko
Kons Ko Jun 11, 2020 8:07AM ET
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Correct
Richard Fortin
Richard Fortin May 18, 2020 3:32PM ET
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Triple your money before end of summer!
Paul Woodward
Stkhntr May 18, 2020 3:32PM ET
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Good call , I am building my energy porfolio up for this reversal that has to come with the BS ending and the jets starting to fly etc. Got in just over $2 and its at gap fill so probably settle a little this week than run up to $6.00
jean labbe
jean labbe May 06, 2020 9:22AM ET
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300% overvalued
Richard Fortin
Richard Fortin May 05, 2020 3:47PM ET
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You can wait on the sidelines while we double our money this week.
RM Raj
RM Raj May 05, 2020 1:46PM ET
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MEG Energy posts $284-million loss and cuts capital spending guidance again.... But still going up for no reason
DW Oil
OILCRASHING May 05, 2020 1:46PM ET
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beacause net assets if they went bankrupt puts its at net value over 8 bucks lol
RM Raj
RM Raj May 04, 2020 11:21AM ET
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why is this going up now...
DW Oil
OILCRASHING May 04, 2020 11:21AM ET
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rumours of being bought !
Richard Fortin
Richard Fortin Apr 23, 2020 5:36AM ET
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Brian Anderson- April 22, 2020, 2:50 PM EDT SHARE ON:      Raymond James analyst Chris Cox maintained a Hold rating on MEG Energy (MEGEF) today and set a price target of C$3.50. The company’s shares closed last Wednesday at $1.84. According to TipRanks.com, Cox is a 1-star analyst with an average return of -4.7% and a 44.2% success rate. Cox covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Advantage Oil & Gas.
J D
J D Apr 15, 2020 12:33PM ET
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no chance to survive.
Richard Fortin
Richard Fortin Apr 08, 2020 3:38PM ET
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Buy buy buy
J D
J D Mar 23, 2020 4:10PM ET
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Will go bankrupt. Stay away.
Amir Amirifar
Amir Amirifar Sep 10, 2019 4:25PM ET
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id this a good buy right now?
Kalpesh Bhatt
Kalpesh Bhatt Aug 21, 2019 3:42PM ET
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Is MEG a good buy now ?
Michel Simard
Michel Simard Mar 13, 2019 4:40AM ET
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Looking good now for a x1 baguer
Sash Marco
Sash Marco Jan 25, 2019 12:14PM ET
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it's going to drop again pending Venezuela
Sam Astor
Astor Jan 25, 2019 12:14PM ET
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I think it will spike up. VZ is already baked in.
Ahmed Mohideen
Ahmed Mohideen Nov 27, 2018 1:28PM ET
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Meg is a good investment now ?
Justin Lau
Justin Lau Mar 07, 2017 7:52AM ET
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Not yet. But come chat in the Canadian board under crude oil.
Crude Guy
Crude Guy Dec 21, 2015 12:13PM ET
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When does MEG become a takeover target?
Ravi Selvarajan
Ravi Selvarajan Dec 21, 2015 12:13PM ET
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Don't know
Pavel Oatland
Pavel Oatland Dec 21, 2015 12:13PM ET
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Today
 
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