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MEG Energy ( (TSE:MEG) ) just unveiled an update.
MEG Energy Corp. has adjourned its special meeting of shareholders to November 6, 2025, to address a regulatory inquiry concerning the Cenovus Transaction. The board recommends shareholders vote in favor of the transaction, with a significant majority already supporting it. The meeting was postponed to provide additional disclosure, with the transaction expected to close in mid-November, potentially impacting MEG’s strategic positioning in the energy market.
The most recent analyst rating on (TSE:MEG) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on MEG Energy stock, see the TSE:MEG Stock Forecast page.
Spark’s Take on TSE:MEG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MEG is a Outperform.
MEG Energy’s overall stock score is driven by strong operational efficiency and strategic growth initiatives highlighted in the earnings call. While the company faces challenges with declining revenue and free cash flow growth, its robust balance sheet and positive technical indicators provide a solid foundation. The valuation is fair, reflecting the stock’s current market position.
To see Spark’s full report on TSE:MEG stock, click here.
More about MEG Energy
MEG Energy Corp. is a Canadian energy company primarily engaged in the development and production of oil sands resources. The company focuses on sustainable in situ oil sands development and is a significant player in the Canadian energy sector.
Average Trading Volume: 1,549,110
Technical Sentiment Signal: Buy
Current Market Cap: C$7.49B
Find detailed analytics on MEG stock on TipRanks’ Stock Analysis page.