Cenovus Energy: 2026 Is Going To Be Interesting
Cenovus Energy (CVE) released its fiscal 2026 budget in Canadian dollars. Shareholders are positioned to benefit from the accretive MEG acquisition and planned production growth. The 2026 budget continues integration of MEG with broader operational initiatives to drive value.
Cenovus Energy: Buying Scale, Boosting Returns, And Still Undervalued
Cenovus Energy (CVE) remains a buy, driven by the strategic MEG Energy acquisition and robust operational performance. The MEG deal adds 110,000 bbl/d, unlocks >C$400M annual synergies by 2028, and enhances efficiency in core oil sands assets. Q3 saw record upstream production (832,900 boe/d), strong downstream utilization (99%), and net earnings rise to C$1.29B despite lower oil prices.
Montrose Environmental Looks Good Despite Recent Price Drop
Montrose Environmental Group, Inc. (MEG) has achieved profitability after years of losses, driven by strong net income and EPS growth in recent quarters. MEG is expected to maintain profitability into Q4 and 2026, supported by robust revenue growth, margin expansion, and industry tailwinds. With recent share price declines, MEG appears undervalued relative to its improving earnings, suggesting potential for price appreciation over the next 12 months.
Margin Momentum: Why Montrose Environmental's Profitability Gains Are Just The Beginning
MEG posts two profitable quarters driven by strong top-line growth and improved gross margins. SG&A costs fall to 32.2% of revenue, signaling better cost discipline and operating leverage. AP&R segment leads with 51% YTD growth, while M&A delivers highest EBITDA margin at 26.7%.
Strathcona Resources: A Special Dividend Is Around The Corner
Strathcona Resources posted strong Q3 results, maintaining profitability despite lower oil prices and reporting a robust free cash flow profile. SCR will pay a C$10 per share special dividend after its unsuccessful bid for MEG Energy, funded by asset sales and gains from its MEG position. The company secured a favorable asset purchase from Cenovus, adding 5,000 boe/day production at an attractive valuation, further strengthening its outlook.
Montrose Environmental (MEG) Q3 Earnings and Revenues Top Estimates
Montrose Environmental (MEG) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.41 per share a year ago.
MEG Gears Up to Report Q3 Earnings: Here's What You Should Know
Montrose Environmental expects solid Q3 revenue gains across all segments, though earnings are likely to have slipped year over year.
Earnings Preview: Montrose Environmental (MEG) Q3 Earnings Expected to Decline
Montrose Environmental (MEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Strathcona Resources Terminates Takeover Bid for MEG Energy
Strathcona Resources terminated its takeover bid for MEG Energy, days after rival Cenovus Energy upped its offer to buy out the Canadian oil-sands producer and changed the terms of their standstill agreement.
Strathcona Resources terminates takeover bid for MEG
Strathcona Resources said on Friday it has terminated its takeover bid for MEG Energy , days after Cenovus Energy raised its bid for the Canadian oil producer.
Bull of the Day: Montrose Environmental (MEG)
Some regulatory tailwinds are helping this stock clean up.
Cenovus sweetens takeover offer to $6.2 billion for MEG Energy
Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 per share, in an attempt to match a rival bid from Strathcona Resources.
