MEG Historical Cash Flow
| MEG Stock | CAD 23.96 0.24 0.99% |
Analysis of MEG Energy cash flow over time is an excellent tool to project MEG Energy Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Cashflows From Financing Activities of 13.3 M or Other Non Cash Items of 102.5 M as it is a great indicator of MEG Energy ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About MEG Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in MEG balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which MEG's non-liquid assets can be easily converted into cash.
MEG Energy Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from MEG Energy's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement 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 cash flow statement 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. At this time, MEG Energy's Net Income is very stable compared to the past year. As of the 30th of January 2025, Change To Account Receivables is likely to grow to about 9.4 M, though Change In Cash is likely to grow to (27.4 M).
MEG Energy cash flow statement Correlations
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MEG Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MEG Energy cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | (92M) | 247M | (169M) | (32M) | (28.8M) | (27.4M) | |
| Stock Based Compensation | (15M) | (33M) | 13M | 103M | 118.5M | 124.4M | |
| Free Cash Flow | 153M | 359M | 1.5B | 900M | 1.0B | 1.1B | |
| Change In Working Capital | 69M | (63M) | 6M | (127M) | (114.3M) | (108.6M) | |
| Begin Period Cash Flow | 206M | 114M | 361M | 192M | 172.8M | 164.2M | |
| Other Cashflows From Financing Activities | (26M) | (281M) | 6M | 11M | 12.7M | 13.3M | |
| Other Non Cash Items | 405M | 11M | 140M | 45M | 51.8M | 102.5M | |
| Capital Expenditures | 149M | 331M | 376M | 449M | 404.1M | 526.5M | |
| Total Cash From Operating Activities | 302M | 690M | 1.9B | 1.3B | 1.6B | 1.6B | |
| Net Income | (357M) | 283M | 902M | 569M | 654.4M | 687.1M | |
| Total Cash From Financing Activities | (216M) | (165M) | (1.7B) | (896M) | (806.4M) | (766.1M) | |
| End Period Cash Flow | 114M | 361M | 192M | 160M | 144M | 136.8M | |
| Depreciation | 320M | 406M | 507M | 607M | 698.1M | 422.6M | |
| Sale Purchase Of Stock | 0.0 | 5M | (382M) | (446M) | (401.4M) | (381.3M) | |
| Net Borrowings | (520M) | (168M) | (149M) | (1.3B) | (1.2B) | (1.2B) | |
| Total Cashflows From Investing Activities | (211M) | (189M) | (281M) | (354M) | (407.1M) | (427.5M) | |
| Change To Operating Activities | (118M) | 69M | (63M) | 6M | 5.4M | 2.9M | |
| Other Cashflows From Investing Activities | (31M) | (46M) | 6M | 22M | 19.8M | 24.6M | |
| Change To Netincome | 258M | (189M) | 4M | 462M | 415.8M | 436.6M | |
| Investments | (189M) | (281M) | (354M) | (478M) | (430.2M) | (408.7M) | |
| Issuance Of Capital Stock | 1M | 2M | 5M | 24M | 1.2M | 1.1M |
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
| 0.78 | TSLA | Tesla Inc CDR | PairCorr |
| 0.72 | AMZN | Amazon CDR | PairCorr |
| 0.69 | ENB-PFC | Enbridge Pref 11 Earnings Call Next Week | PairCorr |
| 0.68 | WMT | Walmart Inc CDR | PairCorr |
| 0.67 | AAPL | Apple Inc CDR | PairCorr |
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.Other Information on Investing in MEG Stock
The Cash Flow Statement is a financial statement that shows how changes in MEG balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which MEG's non-liquid assets can be easily converted into cash.