Back in mid-2014, MEG Energy Corp. (TSX:MEG) was one of the most attractive stocks in Canada's energy patch. The company had some of the most efficient heavy oil operations in all of Canada and was growing like a weed.
Handout/ MEG EnergyMEG's shares had fallen 70 per cent over the past 12 months as investors dumped the stock on worries about the company's high debt load, which is 4.1 times its earnings before interest, taxation, depreciation and amortization.
CALGARY - Oilsands producers Suncor Energy Inc. and MEG Energy Corp. operate different types of projects, but both companies said Thursday they could make them work in the current low oil price environment by pushing down costs.
Thermal oilsands producer MEG Energy Corp. confirmed Tuesday is it looking at selling its half-share in the Access Pipeline to pay down debt and allow it to proceed with two new brownfield expansions of between 10,000 and 20,000 barrels per day each.
Recently stock market analysts have updated their consensus ratings on shares of MEG ENERGY CORP (MEGEF). The latest broker reports which are currently outstanding on Thursday 26th of May state 0 analysts have a rating of “strong buy”, 0 analysts ...
Cenovus has some of the best assets in Canada's energy patch at Foster Creek and Christina Lake. The company has lots of experience operating these assets, and this experience would likely be useful to any acquirer.