MEG Historical Balance Sheet

MEG Stock

CAD 25.27 0.13 0.52%

Trend analysis of MEG Energy Corp balance sheet accounts such as Other Current Liab of 80.4 M provides information on MEG Energy's total assets, liabilities, and equity, which is the actual value of MEG Energy Corp to its prevalent stockholders. By breaking down trends over time using MEG Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining MEG Energy Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MEG Energy Corp is a good buy for the upcoming year.

MEG Energy Inventory

270.9 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About MEG Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of MEG Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. MEG Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MEG Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which MEG currently owns. An asset can also be divided into two categories, current and non-current.

MEG Energy Balance Sheet Chart

At this time, MEG Energy's Total Liabilities is very stable compared to the past year. As of the 26th of March 2025, Accumulated Other Comprehensive Income is likely to grow to about 39.8 M, while Common Stock Shares Outstanding is likely to drop about 257.7 M.

Common Stock Shares Outstanding Total Assets Short Long Term Debt Total Other Current Liab

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of MEG Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in MEG Energy Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most accounts from MEG Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MEG Energy Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	1.8B	1.4B	1.6B	1.5B
Total Assets	7.0B	6.9B	6.7B	8.1B

Short Long Term Debt Total Total Assets

MEG Energy balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Intangible Assets	Current Deferred Revenue
Common Stock Shares Outstanding		0.37	0.17	-0.21	0.79	0.34	0.34	0.27	-0.64	-0.44	0.41	0.41	-0.44	0.7	0.15	0.52	0.29	-0.57	0.26	0.63	-0.16	0.29	0.6	-0.5	-0.6	-0.6
Total Assets	0.37		0.81	0.57	0.25	0.55	0.96	0.71	-0.26	0.14	0.96	-0.21	0.1	0.12	0.82	0.14	-0.19	-0.6	0.91	0.42	0.15	-0.02	-0.23	-0.25	0.33	0.08
Short Long Term Debt Total	0.17	0.81		0.58	-0.05	0.03	0.87	0.96	-0.54	0.03	0.87	-0.4	-0.01	0.11	1.0	-0.3	-0.06	-0.42	0.95	0.12	-0.14	-0.01	-0.55	-0.27	0.42	0.28
Other Current Liab	-0.21	0.57	0.58		-0.2	0.29	0.52	0.41	0.13	0.54	0.47	-0.15	0.52	-0.18	0.6	-0.39	0.05	-0.05	0.53	-0.13	0.39	-0.29	-0.76	0.23	0.48	0.81
Total Current Liabilities	0.79	0.25	-0.05	-0.2		0.49	0.14	-0.01	-0.3	-0.17	0.19	0.54	-0.15	0.69	-0.08	0.57	0.14	-0.49	0.05	0.68	0.18	0.6	0.67	-0.21	-0.51	-0.54
Total Stockholder Equity	0.34	0.55	0.03	0.29	0.49		0.38	-0.13	0.37	0.39	0.36	0.17	0.39	0.11	0.06	0.5	-0.25	-0.39	0.16	0.54	0.64	-0.07	0.25	0.09	0.11	-0.13
Property Plant And Equipment Net	0.34	0.96	0.87	0.52	0.14	0.38		0.82	-0.35	-0.06	0.99	-0.26	-0.1	0.1	0.88	0.14	-0.14	-0.64	0.95	0.43	-0.1	-0.07	-0.26	-0.39	0.33	0.06
Net Debt	0.27	0.71	0.96	0.41	-0.01	-0.13	0.82		-0.69	-0.23	0.84	-0.33	-0.26	0.26	0.95	-0.23	0.05	-0.48	0.9	0.18	-0.39	0.02	-0.42	-0.42	0.27	0.14
Retained Earnings	-0.64	-0.26	-0.54	0.13	-0.3	0.37	-0.35	-0.69		0.55	-0.43	-0.04	0.54	-0.54	-0.5	0.11	-0.34	0.39	-0.49	-0.15	0.55	-0.29	-0.08	0.45	0.38	0.27
Cash	-0.44	0.14	0.03	0.54	-0.17	0.39	-0.06	-0.23	0.55		-0.12	-0.21	0.99	-0.25	0.04	-0.48	-0.32	0.43	-0.03	-0.39	0.91	-0.09	-0.49	0.64	0.54	0.59
Non Current Assets Total	0.41	0.96	0.87	0.47	0.19	0.36	0.99	0.84	-0.43	-0.12		-0.22	-0.16	0.16	0.88	0.16	-0.11	-0.67	0.95	0.45	-0.14	-0.03	-0.2	-0.43	0.26	0.0
Non Currrent Assets Other	0.41	-0.21	-0.4	-0.15	0.54	0.17	-0.26	-0.33	-0.04	-0.21	-0.22		-0.19	0.35	-0.41	0.43	0.18	-0.1	-0.33	0.17	0.02	0.14	0.47	-0.11	-0.72	-0.21
Cash And Short Term Investments	-0.44	0.1	-0.01	0.52	-0.15	0.39	-0.1	-0.26	0.54	0.99	-0.16	-0.19		-0.25	0.0	-0.49	-0.32	0.39	-0.07	-0.4	0.92	-0.1	-0.46	0.75	0.49	0.57
Net Receivables	0.7	0.12	0.11	-0.18	0.69	0.11	0.1	0.26	-0.54	-0.25	0.16	0.35	-0.25		0.11	0.17	0.24	-0.29	0.09	0.44	-0.07	0.37	0.42	-0.31	-0.37	-0.41
Non Current Liabilities Total	0.15	0.82	1.0	0.6	-0.08	0.06	0.88	0.95	-0.5	0.04	0.88	-0.41	0.0	0.11		-0.29	-0.08	-0.41	0.95	0.13	-0.13	-0.06	-0.56	-0.27	0.45	0.31
Inventory	0.52	0.14	-0.3	-0.39	0.57	0.5	0.14	-0.23	0.11	-0.48	0.16	0.43	-0.49	0.17	-0.29		0.0	-0.49	-0.09	0.78	-0.17	0.17	0.78	-0.5	-0.43	-0.68
Other Current Assets	0.29	-0.19	-0.06	0.05	0.14	-0.25	-0.14	0.05	-0.34	-0.32	-0.11	0.18	-0.32	0.24	-0.08	0.0		-0.06	-0.1	0.01	-0.27	0.14	0.03	-0.19	-0.32	0.08
Other Stockholder Equity	-0.57	-0.6	-0.42	-0.05	-0.49	-0.39	-0.64	-0.48	0.39	0.43	-0.67	-0.1	0.39	-0.29	-0.41	-0.49	-0.06		-0.52	-0.64	0.23	-0.11	-0.3	0.25	0.13	0.4
Total Liab	0.26	0.91	0.95	0.53	0.05	0.16	0.95	0.9	-0.49	-0.03	0.95	-0.33	-0.07	0.09	0.95	-0.09	-0.1	-0.52		0.23	-0.14	0.01	-0.4	-0.34	0.34	0.16
Property Plant And Equipment Gross	0.63	0.42	0.12	-0.13	0.68	0.54	0.43	0.18	-0.15	-0.39	0.45	0.17	-0.4	0.44	0.13	0.78	0.01	-0.64	0.23		-0.1	0.29	0.57	-0.49	-0.25	-0.58
Total Current Assets	-0.16	0.15	-0.14	0.39	0.18	0.64	-0.1	-0.39	0.55	0.91	-0.14	0.02	0.92	-0.07	-0.13	-0.17	-0.27	0.23	-0.14	-0.1		0.04	-0.14	0.65	0.27	0.31
Short Term Debt	0.29	-0.02	-0.01	-0.29	0.6	-0.07	-0.07	0.02	-0.29	-0.09	-0.03	0.14	-0.1	0.37	-0.06	0.17	0.14	-0.11	0.01	0.29	0.04		0.31	-0.12	-0.2	-0.26
Accounts Payable	0.6	-0.23	-0.55	-0.76	0.67	0.25	-0.26	-0.42	-0.08	-0.49	-0.2	0.47	-0.46	0.42	-0.56	0.78	0.03	-0.3	-0.4	0.57	-0.14	0.31		-0.28	-0.67	-0.91
Short Term Investments	-0.5	-0.25	-0.27	0.23	-0.21	0.09	-0.39	-0.42	0.45	0.64	-0.43	-0.11	0.75	-0.31	-0.27	-0.5	-0.19	0.25	-0.34	-0.49	0.65	-0.12	-0.28		0.22	0.43
Intangible Assets	-0.6	0.33	0.42	0.48	-0.51	0.11	0.33	0.27	0.38	0.54	0.26	-0.72	0.49	-0.37	0.45	-0.43	-0.32	0.13	0.34	-0.25	0.27	-0.2	-0.67	0.22		0.54
Current Deferred Revenue	-0.6	0.08	0.28	0.81	-0.54	-0.13	0.06	0.14	0.27	0.59	0.0	-0.21	0.57	-0.41	0.31	-0.68	0.08	0.4	0.16	-0.58	0.31	-0.26	-0.91	0.43	0.54

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MEG Energy Account Relationship Matchups

MEG Energy balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	302M	311M	309M	288M	260.2M	257.7M
Total Assets	7.2B	7.6B	7.0B	6.9B	6.7B	8.1B
Short Long Term Debt Total	3.2B	3.0B	1.8B	1.4B	1.6B	1.5B
Other Current Liab	11M	52M	161M	94M	84.6M	80.4M
Total Current Liabilities	442M	899M	654M	584M	554M	477.9M
Total Stockholder Equity	3.5B	3.8B	4.4B	4.5B	4.6B	4.3B
Property Plant And Equipment Net	6.1B	6.0B	5.9B	5.7B	5.7B	6.8B
Net Debt	3.1B	2.7B	1.6B	1.2B	702M	666.9M
Retained Earnings	(2.2B)	(1.9B)	(988M)	(531M)	(242M)	(254.1M)
Cash	114M	361M	192M	160M	156M	148.2M
Non Current Assets Total	6.7B	6.5B	6.1B	6.0B	5.9B	7.0B
Non Currrent Assets Other	184M	243M	197M	342M	189M	198.5M
Cash And Short Term Investments	114M	361M	192M	160M	144M	136.8M
Net Receivables	263M	482M	475M	451M	9M	8.6M
Liabilities And Stockholders Equity	7.2B	7.6B	7.0B	6.9B	7.9B	8.2B
Non Current Liabilities Total	3.3B	2.9B	2.0B	1.8B	1.6B	1.6B
Inventory	96M	157M	185M	235M	258M	270.9M
Other Current Assets	24M	50M	91M	16M	18.4M	17.5M
Other Stockholder Equity	177M	172M	169M	180M	162M	153.9M
Total Liab	3.7B	3.8B	2.7B	2.4B	2.2B	3.8B
Property Plant And Equipment Gross	6.1B	10.1B	10.4B	10.9B	11.4B	8.0B
Total Current Assets	497M	1.1B	943M	862M	854M	794.4M
Accumulated Other Comprehensive Income	27M	25M	38M	33M	38.0M	39.8M
Short Term Debt	56M	307M	20M	15M	17.3M	33.4M
Accounts Payable	358M	269M	455M	473M	475M	477.8M
Short Term Investments	18M	15M	14M	13M	12.6M	12.0M
Intangible Assets	7M	5M	4M	3M	2.7M	2.6M
Current Deferred Revenue	421.1M	80M	106M	85M	76.5M	72.7M
Common Stock	5.5B	5.5B	5.2B	4.8B	5.6B	5.6B
Other Liab	73M	106M	165M	191M	171.9M	156.0M
Net Tangible Assets	3.8B	3.5B	3.8B	4.4B	3.9B	3.2B
Other Assets	480M	602M	534M	187M	215.1M	317.0M
Long Term Debt	2.9B	2.5B	1.6B	1.1B	858M	815.1M
Property Plant Equipment	6.7B	6.1B	6.0B	5.9B	5.3B	5.9B
Long Term Debt Total	3.4B	3.2B	2.7B	1.8B	1.6B	3.0B
Capital Surpluse	182M	177M	172M	169M	194.4M	189.3M

Pair Trading with MEG Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MEG Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MEG Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against MEG Stock

0.43	LLY	Eli Lilly	Pair Corr
0.4	AAPL	Apple Inc CDR	Pair Corr

The ability to find closely correlated positions to MEG Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEG Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MEG Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MEG Energy Corp to buy it.

The correlation of MEG Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MEG Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEG Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for MEG Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in MEG Stock

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MEG Historical Balance Sheet

MEG Energy Inventory

270.9 Million

About MEG Balance Sheet Analysis

MEG Energy Balance Sheet Chart

Common Stock Shares Outstanding

Total Assets

MEG Energy balance sheet Correlations

MEG Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MEG Energy balance sheet Accounts

Pair Trading with MEG Energy

Moving against MEG Stock

Other Information on Investing in MEG Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Net	+ 0.96	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total

Current Deferred Revenue	- 0.91	Accounts Payable
Accounts Payable	- 0.76	Other Current Liab
Intangible Assets	- 0.72	Non Currrent Assets Other
Retained Earnings	- 0.69	Net Debt
Current Deferred Revenue	- 0.68	Inventory
Intangible Assets	- 0.67	Accounts Payable