MEGEF News and Press, Meg Energy Corp From 05/04/21

MEG Energy Corp (MEGEF) Q1 2021 Earnings Conference Call May 04, 2021, 08:30 ET Company Participants Derek Evans - President, CEO & Director Eric Toews - CFO Chi-Tak Yee - COO Conference Call Participants Philip Gresh - JPMorgan Chase & Co. Greg Pardy - RBC Capital Markets William Lac...

New York state's pension fund said today it will sell off $7M worth of securities in six Canadian oil sands companies and not make future investments in them: Imperial Oil (IMO), Canadian Natural Resources (CNQ), Cenovus Energy (CVE), MEG Energy (MEGEF), Athabasca Oil (ATHOF) and Hu...

MEG Energy turned in a solid quarter in Q4 thanks to cost cutting and improved oil prices. The company has received an analyst upgrade that implies a ~50% premium to its selling price today. We like MEG Energy and have recommended to our members near current prices. For furt...

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) opened higher last Friday (March 5), at 18,056.74. The index was boosted by energy stocks, which were on the rise due to surging oil prices. On Friday, gold hit its lowest level in nine months , while silve...

MEG Energy Corp (MEGEF) Q4 2020 Earnings Conference Call March 04, 2021 08:30 AM ET Company Participants Derek Evans - Chief Executive Officer Eric Toews - Chief Financial Officer Chi-Tak Yee - Chief Operating Officer Conference Call Participants Phil Skolnick - Eight Capital Neil Mehta - Gol...

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) was trending up last Friday (February 5). The index was supported by the energy sector and the metals and mining industry, closing the week at 18,135.57 and increasing more than 4 percent since January 29. Last Frida...

MEG is raising production and working to get back on track to pre-COVID levels. MEG is well hedged into 2021 and the hedge book is one of the reasons the company has performed so well through this downturn. MEG still shows room to run from a valuation and technical standpoint. ...

Higher oil prices have caused many investors to fear shale operators will drill themselves into insolvency once again. Rig counts do not support that, and thus far neither does forward guidance. Notably though, Canadian E&Ps seem a little more aggressive. Most companies will r...

The Canadian oil sands are emerging from 2020's market crash with a more optimistic outlook, with Morgan Stanley and Goldman Sachs the latest firms to tout the industry's ability to generate healthy cash flow next year as a reason to buy stocks such as Suncor Energy (SU), Canadian Natural Res...

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) closed up on Friday (November 13) at 16,682.81. The index received a boost from the materials sector, which gained due to an increase in bullion prices. In commodities, gold and silver were also up on Friday ...