- MEG Energy forecasts oil production for 2025 to be between 95,000 and 105,000 barrels per day (b/d), with an average estimate of about 103,016 b/d.
- The company’s capital expenditure for 2025 is projected to be CAD 635 million, slightly lower than the estimated CAD 641.3 million.
- Production in 2025 will be impacted by major turnaround activities in the second quarter, potentially reducing output by up to 8,000 barrels per day.
- A final investment decision has been approved for a multi-year Facility Expansion Project aimed at increasing capacity by 25,000 barrels per day, with an estimated cost of CAD 440 million spread over three years.
- The total capital program for 2025 includes allocations of CAD 130 million for the Facility Expansion Project, CAD 70 million for Turnaround activities, and the remaining CAD 435 million for Well Pads, Infrastructure, and other areas.
- Analyst recommendations for MEG Energy currently include 8 “buy” ratings, 7 “hold” ratings, and no “sell” ratings.
A look at MEG Energy Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
MEG Energy Corp, an oil and gas corporation based in Calgary, Canada, is poised for a promising long-term outlook according to Smartkarma Smart Scores. With a strong score of 5 in Growth and 4 in both Value and Momentum, the company is indicating positive signs for potential expansion and stock performance. Despite lower scores in Dividend and Resilience, MEG Energy’s robust growth score suggests a focus on strategic development and future profitability.
Investors looking at MEG Energy Corp may take note of its high Growth and Momentum scores, indicating potential opportunities for capital appreciation in the long run. While the company may not currently offer significant dividends or exhibit strong resilience, its value proposition and growth potential present an attractive outlook for those seeking long-term investment options in the oil and gas sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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