The stock of MEG Energy (MEG.TO), after increasing from C$8.65 on June 18 to C$9.33 on June 21, the price decreased to C$9.20 on June 22. Then the next 2 days fluctuated between C$9.20 and C$9.18 and fell to C$8.66 on June 28. Having climbed by fluctuating to C$9.21 on July 5 and then stock declined to C$8.47 on July 7. Finally, after rising to C$8.89 on July 13, the price sharply fell to C$8.16 on July 15. On July 15, MEG Energy (MEG.TO) reported that it will issue the results of the second quarter on July 22, 2021, after the market close. At 8:30 am ET / 6:30 am MT, MEG Energy will conduct a conference call on July 23, 2021.
MEG Energy Corp. (MEG.TO) is an energy firm specializing in long-term in situ thermal oil production in Alberta’s southern Athabasca oil area. MEG is working on novel enhanced oil recovery projects that use steam-assisted gravity drainage (SAGD) extraction technology to boost responsible oil recovery and reduce carbon emissions.