More stocks to consider
Alternative stocks to MEG Energy (TSX:MEG)
These are the alternatives to MEG Energy that fall within the same industry, Oil & Gas Production, or region, Canada.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See MEG Energy Performance
MEG Energy stock research in summary
megenergy.com
MEG Energy shares have a market-typical stock price level. They are safely financed and are good value, but show below average growth. We recommend evaluating whether the future of the company MEG Energy is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.
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Country |
Canada |
Industry |
Oil & Gas Production |
Index |
|
Size class |
X-Large |
Large companies - similar industry as MEG Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Chesapeake (XL, US) Oil & Gas Production
|
1. Chesapeake (XL, US) Oil & Gas Production
|
42
|
|
92
|
|
92
|
|
96
|
|
2. Coterra Energy (XL, US) Oil & Gas Production
|
2. Coterra Energy (XL, US) Oil & Gas Production
|
56
|
|
72
|
|
94
|
|
94
|
|
3. Tourmaline Oil (XL, CA) Oil & Gas Production
|
3. Tourmaline Oil (XL, CA) Oil & Gas Production
|
30
|
|
80
|
|
90
|
|
88
|
|
4. Diamondback Energy (XL, US) Oil & Gas Production
|
4. Diamondback Energy (XL, US) Oil & Gas Production
|
44
|
|
94
|
|
49
|
|
80
|
|
5. Devon (XXL, US) Oil & Gas Production
|
5. Devon (XXL, US) Oil & Gas Production
|
62
|
|
40
|
|
61
|
|
63
|
|
6. Permian Resources (XL, US) Oil & Gas Production
|
6. Permian Resources (XL, US) Oil & Gas Production
|
68
|
|
62
|
|
30
|
|
59
|
|
7. ConocoPhillips (XXL, US) Oil & Gas Production
|
7. ConocoPhillips (XXL, US) Oil & Gas Production
|
32
|
|
50
|
|
78
|
|
59
|
|
8. ARC Resource (XL, CA) Oil & Gas Production
|
8. ARC Resource (XL, CA) Oil & Gas Production
|
44
|
|
36
|
|
67
|
|
51
|
|
9. EOG Resources (XXL, US) Oil & Gas Production
|
9. EOG Resources (XXL, US) Oil & Gas Production
|
24
|
|
26
|
|
96
|
|
49
|
|
10. EQT (XL, US) Oil & Gas Production
|
10. EQT (XL, US) Oil & Gas Production
|
30
|
|
64
|
|
47
|
|
45
|
|
December 19, 2024
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as MEG Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Linamar (XL, CA) Auto Parts & Equipment
|
1. Linamar (XL, CA) Auto Parts & Equipment
|
85
|
|
45
|
|
98
|
|
100
|
|
2. ATCO (XL, CA) Multi-Utilities
|
2. ATCO (XL, CA) Multi-Utilities
|
95
|
|
79
|
|
81
|
|
100
|
|
3. West Fraser (XL, CA) Forest Products
|
3. West Fraser (XL, CA) Forest Products
|
69
|
|
100
|
|
67
|
|
98
|
|
4. Fortis (XL, CA) Electric Utilities
|
4. Fortis (XL, CA) Electric Utilities
|
75
|
|
69
|
|
82
|
|
98
|
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
67
|
|
77
|
|
65
|
|
96
|
|
6. Restaurant Brands International (XL, CA) Restaurants
|
6. Restaurant Brands International (XL, CA) Restaurants
|
57
|
|
89
|
|
66
|
|
96
|
|
7. Barrick Gold (XL, CA) Gold Production
|
7. Barrick Gold (XL, CA) Gold Production
|
84
|
|
59
|
|
76
|
|
96
|
|
8. Canadian Tire (XXL, CA) General Merchandise Stores
|
8. Canadian Tire (XXL, CA) General Merchandise Stores
|
89
|
|
91
|
|
52
|
|
95
|
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
73
|
|
55
|
|
83
|
|
95
|
|
10. Bank of Montreal (XXL, CA) Diversified Banks
|
10. Bank of Montreal (XXL, CA) Diversified Banks
|
83
|
|
69
|
|
49
|
|
94
|
|
December 19, 2024
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Mid sized companies - similar industry as MEG Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Whitecap Resources (L, CA) Oil & Gas Production
|
1. Whitecap Resources (L, CA) Oil & Gas Production
|
94
|
|
82
|
|
63
|
|
100
|
|
2. Paramount (L, CA) Oil & Gas Production
|
2. Paramount (L, CA) Oil & Gas Production
|
76
|
|
54
|
|
84
|
|
92
|
|
3. Peyto (M, CA) Oil & Gas Production
|
3. Peyto (M, CA) Oil & Gas Production
|
74
|
|
90
|
|
45
|
|
90
|
|
4. Parex Resources (L, CA) Oil & Gas Production
|
4. Parex Resources (L, CA) Oil & Gas Production
|
100
|
|
1
|
|
98
|
|
86
|
|
5. Kelt Exploration (M, CA) Oil & Gas Production
|
5. Kelt Exploration (M, CA) Oil & Gas Production
|
38
|
|
78
|
|
82
|
|
84
|
|
6. Vermilion Energy (L, CA) Oil & Gas Production
|
6. Vermilion Energy (L, CA) Oil & Gas Production
|
88
|
|
34
|
|
55
|
|
74
|
|
7. NuVista (L, CA) Oil & Gas Production
|
7. NuVista (L, CA) Oil & Gas Production
|
48
|
|
42
|
|
74
|
|
67
|
|
8. Advantage (M, CA) Oil & Gas Production
|
8. Advantage (M, CA) Oil & Gas Production
|
58
|
|
60
|
|
45
|
|
63
|
|
9. Baytex Energy (L, CA) Oil & Gas Production
|
9. Baytex Energy (L, CA) Oil & Gas Production
|
78
|
|
66
|
|
12
|
|
57
|
|
10. Birchcliff (M, CA) Oil & Gas Production
|
10. Birchcliff (M, CA) Oil & Gas Production
|
64
|
|
32
|
|
55
|
|
53
|
|
December 19, 2024
Mid sized companies - similar region as MEG Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Leon's Furniture (L, CA) Homefurnishing Retail
|
1. Leon's Furniture (L, CA) Homefurnishing Retail
|
85
|
|
75
|
|
77
|
|
100
|
|
2. Mullen (L, CA) Trucking
|
2. Mullen (L, CA) Trucking
|
96
|
|
74
|
|
79
|
|
100
|
|
3. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
3. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
97
|
|
61
|
|
77
|
|
100
|
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
4. Lassonde (L, CA) Packaged Foods & Meats
|
85
|
|
97
|
|
84
|
|
100
|
|
5. Onex (L, CA) Asset Management & Custody
|
5. Onex (L, CA) Asset Management & Custody
|
45
|
|
97
|
|
88
|
|
100
|
|
6. Magellan Aerospace (M, CA) Aerospace & Defense
|
6. Magellan Aerospace (M, CA) Aerospace & Defense
|
99
|
|
73
|
|
98
|
|
100
|
|
7. Dundee Precious Metals (M, CA) Gold Production
|
7. Dundee Precious Metals (M, CA) Gold Production
|
80
|
|
67
|
|
94
|
|
100
|
|
8. Whitecap Resources (L, CA) Oil & Gas Production
|
8. Whitecap Resources (L, CA) Oil & Gas Production
|
94
|
|
82
|
|
63
|
|
100
|
|
9. Centerra (L, CA) Gold Production
|
9. Centerra (L, CA) Gold Production
|
96
|
|
53
|
|
92
|
|
100
|
|
10. Sundial Growers (M, CA) Pharmaceuticals
|
10. Sundial Growers (M, CA) Pharmaceuticals
|
58
|
|
79
|
|
72
|
|
98
|
|
December 19, 2024
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