MEG Energy (TSX:MEG) Cash And Cash Equivalents : C$160 Mil (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is MEG Energy Cash And Cash Equivalents?

MEG Energy's quarterly cash and cash equivalents increased from Jun. 2023 (C$66.00 Mil) to Sep. 2023 (C$125.00 Mil) and increased from Sep. 2023 (C$125.00 Mil) to Dec. 2023 (C$160.00 Mil).

MEG Energy's annual cash and cash equivalents declined from Dec. 2021 (C$361.00 Mil) to Dec. 2022 (C$192.00 Mil) and declined from Dec. 2022 (C$192.00 Mil) to Dec. 2023 (C$160.00 Mil).

MEG Energy Cash And Cash Equivalents Historical Data

The historical data trend for MEG Energy's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MEG Energy Cash And Cash Equivalents Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

Get a 7-Day Free Trial

206.00

114.00

361.00

192.00

160.00

MEG Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															192.00	85.00	66.00	125.00	160.00

MEG Energy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

MEG Energy (TSX:MEG) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

MEG Energy Cash And Cash Equivalents Related Terms

Thank you for viewing the detailed overview of MEG Energy's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.

MEG Energy (TSX:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (TSX:MEG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MEGEF:USA ME7:Germany

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

Executives

David Michael Granger

Senior Officer