Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) were up 0% on Friday . The stock traded as high as $22.1050 and last traded at $21.96. Approximately 22,880 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 170,104 shares. The stock had previously closed at $21.95.
Wall Street Analysts Forecast Growth
Separately, TD Securities lowered MEG Energy to a “sell” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Stock Report on MEG Energy
MEG Energy Trading Up 0.0%
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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