Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas E&P

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the economic recovery of oil. It transports and sells thermal oil (AWB) to customers throughout... see more

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MEG Energy Corp > New Press Release - MEG Energy announces 2022 financial and operating results

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Post by PressRelease on Feb 27, 2023 5:11pm

New Press Release - MEG Energy announces 2022 financial and operating results

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, blend...read article.

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Comment by riddle5 on Feb 27, 2023 6:32pm

Meg up atleast 5% tomorrow. This is a great release and going to get more pumping on the call tomorrow morning. I missed the boat on this one. Didn't realize they were releasing earnings today. Kudos to those that were holding and or bought today! cheers!

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Comment by Relaxrelax on Feb 27, 2023 6:44pm

I'm a Canadian oil stock bull but they did miss the earnings consensus by 11 cents (17%).

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Comment by Sugaree on Feb 28, 2023 1:36pm

Two things, looks like up 5% today was wishful thinking. Second, as a result of the wishful thinking, looks like you may not have missed the boat. I picked up some more at $21.85.

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MEG Energy Corp