Uber Max Analysis using AI Monica backtestedMEG.TO Trading Methodology 🎯
1. The Line in the Sand (LITS) System
Current LITS: C$27.89
Purpose: Acts as our binary decision maker
Rule: Only trade bullish above, bearish/avoid below
Current Status: Trading at C$23.09 (BELOW line by -17.2%)
2. Entry Criteria
Must be ABOVE C$27.89
Volume confirmatio
MEG ENERGY CORP
24.51CADD
−0.15−0.61%
Last update at May 21, 20:00 GMT
CAD
No tradesPre-market
Next report date
July 31
Report period
Q2 2025
EPS estimate
0.37 CAD
Revenue estimate
1.04 B CAD
2.36 CAD
507.00 M CAD
5.15 B CAD
255.54 M
About MEG ENERGY CORP
Sector
Industry
CEO
Darlene M. Gates
Website
Headquarters
Calgary
Founded
1999
FIGI
BBG000G2G465
MEG Energy Corp. engages in the production of in-situ thermal oil. Its projects include Cristina Lake and Surmont. The company was founded by William J. McCaffrey, Steve Turner and David J. Wizinsky on March 9, 1999 and is headquartered in Calgary, Canada.
7%
10%
13%
16%
19%
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
0.00
400.00 M
800.00 M
1.20 B
1.60 B
Revenue
Net income
Net margin %
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
0.00
300.00 M
600.00 M
900.00 M
1.20 B
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
0.00
300.00 M
600.00 M
900.00 M
1.20 B
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
0.00
350.00 M
700.00 M
1.05 B
1.40 B
Debt
Free cash flow
Cash & equivalents
No news here
Looks like there's nothing to report right now
MEG.CA: Ascending Triangle, Not Confirmed (47.66%)(7/1000)(7/1000)
Ascending Triangle for MEG. Not Confirmed yet.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- RS above 0 but just a tiny bit
5- R/R ratio above 5
6- 250RSI above 50 but a bit flat
7- 50MA above 200MA
8- 50 MA and 200MA ascending.
9-
TLong

Trend line approaching supportWe have an upward trend line converging with support. Could see a bounce bullish tomorrow.
TLong

MEG Prediction for Reversal and Good Buy PointsHey Everyone. Over the past few weeks I've been following MEG (Meg Energy) on the TSX and I'm sharing my prediction for a reversal of current price. With a beta of 3.11 MEG is very volatile and over the past few days a few strong patterns have surfaced, obviously the small double bottom (#2) APR 7-A
TLong

$meg divergence long at support worth a trade at these levels. Valuation is ridiculous at $63 WTI their free cash flow yield is 50%. Could announce buyback program which is what they will probably do as no interest in this sector so need to manufacture higher share price.
TLong

See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
MEGEF5114065
MEG Energy Corp. 5.875% 01-FEB-2029Yield to maturity
7.16%
Maturity date
Feb 1, 2029
See all MEG bonds
Frequently Asked Questions
The current price of MEG is 24.51 CAD — it has decreased by −0.61% in the past 24 hours. Watch MEG ENERGY CORP stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TSX exchange MEG ENERGY CORP stocks are traded under the ticker MEG.
MEG stock has risen by 12.12% compared to the previous week, the month change is a 18.87% rise, over the last year MEG ENERGY CORP has showed a −18.68% decrease.
We've gathered analysts' opinions on MEG ENERGY CORP future price: according to them, MEG price has a max estimate of 33.00 CAD and a min estimate of 24.00 CAD. Watch MEG chart and read a more detailed MEG ENERGY CORP stock forecast: see what analysts think of MEG ENERGY CORP and suggest that you do with its stocks.
MEG stock is 1.70% volatile and has beta coefficient of 1.76. Track MEG ENERGY CORP stock price on the chart and check out the list of the most volatile stocks — is MEG ENERGY CORP there?
Today MEG ENERGY CORP has the market capitalization of 6.29 B, it has increased by 13.69% over the last week.
Yes, you can track MEG ENERGY CORP financials in yearly and quarterly reports right on TradingView.
MEG ENERGY CORP is going to release the next earnings report on Jul 31, 2025. Keep track of upcoming events with our Earnings Calendar.
MEG earnings for the last quarter are 0.82 CAD per share, whereas the estimation was 0.67 CAD resulting in a 23.09% surprise. The estimated earnings for the next quarter are 0.37 CAD per share. See more details about MEG ENERGY CORP earnings.
MEG ENERGY CORP revenue for the last quarter amounts to 1.16 B CAD, despite the estimated figure of 1.28 B CAD. In the next quarter, revenue is expected to reach 1.04 B CAD.
MEG net income for the last quarter is 211.00 M CAD, while the quarter before that showed 106.00 M CAD of net income which accounts for 99.06% change. Track more MEG ENERGY CORP financial stats to get the full picture.
MEG ENERGY CORP dividend yield was 1.27% in 2024, and payout ratio reached 15.86%. The year before the numbers were 0.00% and 0.00% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of May 22, 2025, the company has 475 employees. See our rating of the largest employees — is MEG ENERGY CORP on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MEG ENERGY CORP EBITDA is 1.53 B CAD, and current EBITDA margin is 29.07%. See more stats in MEG ENERGY CORP financial statements.
Like other stocks, MEG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MEG ENERGY CORP stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MEG ENERGY CORP technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MEG ENERGY CORP stock shows the buy signal. See more of MEG ENERGY CORP technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.