MEG Energy

MEG Energy is engaged in a steam assisted gravity drainage oil sands development at its 80 section Christina Lake Regional Project. As of Dec 31 2010, Co. had total proved bitumen reserves of 605.9 gross thousand barrels (470.5 net thousand barrels).
  • TickerMEG.
  • ISINCA5527041084
  • ExchangeToronto Stock Exchange
  • SectorOil & Gas Producers
  • CountryCanada

Analysts

MEG ENERGY CORP. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MEG ENERGY CORP. (CA), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 21, 2020, the closing price was CAD 7.17 and its target price was estimated at CAD 5.24.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

MEG Energy Corp: 1 director sold

A director at MEG Energy Corp sold 7,009 shares at 5.430CAD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Joe Gemino

Morningstar | Strong Quarter for 3-Star MEG Energy; Outlook Remains Unchanged

No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were partially offset by higher-than-expected operating and transportation costs. Operating costs were negativ...

Joe Gemino

Morningstar | Strong Quarter for 3-Star MEG Energy; Outlook Remains Unchanged. See Updated Analyst Note from 07 May 2019

No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were partially offset by higher-than-expected operating and transportation costs. Operating costs were negativ...

Valens Research

Valens Credit Weekly Insights - 2018 03 21

Valens Credit Research Team highlighted ideas for CSTM, MEG:CAN, and R. They have also provided recent analyses for RCII and CVI, while CYH topped the quantitative outlier report for the week.

Valens Research

MEG:CAN - Valens Credit Report - 2018 03 14

While cash bond markets are grossly overstating credit risk with a YTW of 10.591% relative to an iCDS of 264bps and an iYTW of 5.301%, Moody's is materially overstating MEG:CAN's fundamental credit risk, with their high-yield B3 credit rating six notches lower than Valens' XO (Baa3) rating Incentives Dictate Behavior™ analysis highlights that MEG's management compensation framework is positive for credit holders, as it should incentivize them to improve margins, turns, and revenue growth. Also, with low change-in-control compensation, management is not incentivized to pursue a sale or accept a...

MEG ENERGY CORP.: Update to credit analysis following announced asset sale

Our credit view of MEG reflects it weak credit metrics, economically challenged production, very good liquidity and modest production growth.

Moody's upgrades MEG's 2nd lien notes to B3

Moody's Investors Service (Moody's) upgraded MEG Energy Corp.'s (MEG) US$750 million senior secured second lien notes due 2025 to B3 from Caa1. Moody's also affirmed the B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, Ba3 senior secured term loan and revolver ratings, Caa2...

MEG ENERGY CORP.: Update to credit analysis

CORPORATES CREDIT OPINION 9 January 2018 Update RATINGS MEG Energy Corp. Domicile Alberta, Canada Long Term Rating B3 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Paresh Chari 416-214-3837

Joe Gemino

Morningstar | Strong Quarter for 3-Star MEG Energy; Outlook Remains Unchanged

No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were partially offset by higher-than-expected operating and transportation costs. Operating costs were negativ...

Joe Gemino

Morningstar | Strong Quarter for 3-Star MEG Energy; Outlook Remains Unchanged. See Updated Analyst Note from 07 May 2019

No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were partially offset by higher-than-expected operating and transportation costs. Operating costs were negativ...

Joe Gemino

Strong Quarter for 3-Star MEG Energy; Outlook Remains Unchanged

No-moat MEG Energy rebounded nicely from the fourth quarter. The company reported first-quarter funds flow from operations of CAD 151 million, which was above our expectations. The outperformance was driven by higher-than-expected bitumen realizations of CAD 50 per barrel, up from CAD 14/bbl in the fourth quarter. The increased realizations were driven by better market access to the U.S. Gulf Coast and a higher demand for heavy crude in that region. However, the increased realizations were parti...

Joe Gemino

Morningstar | The U.S. Gulf Coast Benefits MEG Energy

Since MEG's beginnings, the company has been focused on oil sands development, owning a 100% working interest in over 900 square miles of oil sands leases in the Athabasca oil regions of northern Alberta, Canada. The company estimates that it holds 2.9 billion barrels of proved plus probable bitumen reserves. MEG is engaged in situ oil sands development and production from its Christina Lake Project, which can produce around 100,000 barrels per day. The company’s implementation of its eMSAGP technology positions MEG ahead of its peers in the solvent based technology implementation. To date, th...

Joe Gemino

The U.S. Gulf Coast Benefits MEG Energy

After taking a fresh look at no-moat MEG Energy’s fourth-quarter results we are lowering our fair value estimate to CAD 6.50 from CAD 7 driven by our lower forecasts for the company’s near-term price realizations. The stock is trading at a 20% discount to our fair value estimate, but it remains in 3-star territory due to its extreme uncertainty. At this time, we recommend that investors remain on the sidelines. As a reminder, MEG reported fourth-quarter bitumen realizations of CAD 13.90 per barr...

MEG Energy Corp: 1 director sold

A director at MEG Energy Corp sold 7,009 shares at 5.430CAD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

MEG ENERGY CORP. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MEG ENERGY CORP. (CA), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 21, 2020, the closing price was CAD 7.17 and its target price was estimated at CAD 5.24.

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

ValuEngine Toronto Quantitative Stock Report for MEG

MEG Energy Corp (MEG) - Oil & Gas - Deals and Alliances Profile

Summary MEG Energy Corp (MEG) is an oil and gas company that offers development and production of oil sands. The company operates oil projects such as Christina lake project and Surmont project. Its technologies comprise steam-assisted gravity drainage, cogeneration, Hi-Q field pilot and eMSAGP. MEG's Christina Lake project is located in the southern Athabasca oil sands region which produces several barrels per day. The company's Hi-Q field pilot is used to improve the quality of oil sands based bitumen allowing it to be shipped in pipelines without blending with light hydrocarbons. It also o...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

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