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MEG

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1d
1w
1m

Analysis and statistics

  • Open
    26.9417$
  • Previous Close
    28.006$
  • 52 Week Change
    11.60$
  • Day Range
    -1.06$
  • 52 Week High/Low
    16.9348$ - 28.5303$
  • Dividend Per Share
    0.0145
  • Market cap
    7 011 M$
  • EPS
    0.26
  • Beta
    1.684
  • Volume
    --

About

MEG.TO is the stock symbol for MEG Energy Corp., a Canadian oil sands company. It is listed on the Toronto Stock Exchange (TSX). The company is focused on sustainable in-situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada.

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Factors

Oil Prices: MEG Energy's profitability is highly correlated with global oil prices, particularly Western Canadian Select (WCS) differentials. Higher oil prices generally lead to higher MEG stock prices. Production & Operations: MEG's operational performance, including production volumes, efficiency, and operating costs at its Christina Lake facility, directly impacts investor confidence and stock valuation. Financial Performance: Revenue, earnings, cash flow, and debt levels reported in quarterly and annual financial statements significantly influence investor perception and MEG's stock price. Refining Capacity: Expansion of refining capacity to process more heavy crude oil from Canada, as well as demand for refined oil and gas products, can affect MEG. Economic Conditions: General economic growth, inflation, and interest rate changes affect overall market sentiment and investor appetite for energy stocks like MEG. Geopolitical Events: Political instability, trade policies, or conflicts in oil-producing regions can create volatility in oil prices and subsequently impact MEG's stock.

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