MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s stock price shot up 0% on Friday . The company traded as high as $22.1050 and last traded at $21.96. 22,880 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 170,104 shares. The stock had previously closed at $21.95.
Wall Street Analysts Forecast Growth
Separately, TD Securities cut MEG Energy to a “sell” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.
View Our Latest Stock Report on MEG Energy
MEG Energy Stock Performance
MEG Energy Company Profile
MEG Energy is an independent Canadian oil sands company headquartered in Calgary, Alberta. The company’s principal operations center on the development and production of bitumen through steam-assisted gravity drainage (SAGD) technology. MEG Energy’s flagship asset is the Christina Lake project in northeast Alberta, where it produces and upgrades bitumen into synthetic crude oil for sale to North American refineries.
Christina Lake is developed in multiple phases, each designed to optimize thermal efficiency and maintain strong environmental controls.
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