MEG Ev To Operating Cash Flow vs Roe Analysis

MEG Stock

CAD 25.20 0.20 0.80%

MEG Energy financial indicator trend analysis is infinitely more than just investigating MEG Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MEG Energy Corp is a good investment. Please check the relationship between MEG Energy Ev To Operating Cash Flow and its Roe accounts. 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.

Ev To Operating Cash Flow vs Roe

Ev To Operating Cash Flow vs Roe Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEG Energy Corp Ev To Operating Cash Flow account and Roe. At this time, the significance of the direction appears to have almost no relationship.

The correlation between MEG Energy's Ev To Operating Cash Flow and Roe is 0.16. Overlapping area represents the amount of variation of Ev To Operating Cash Flow that can explain the historical movement of Roe in the same time period over historical financial statements of MEG Energy Corp, assuming nothing else is changed. The correlation between historical values of MEG Energy's Ev To Operating Cash Flow and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Operating Cash Flow of MEG Energy Corp are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Ev To Operating Cash Flow i.e., MEG Energy's Ev To Operating Cash Flow and Roe go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ev To Operating Cash Flow

A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.

Roe

Most indicators from MEG Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

As of the 29th of November 2024, Tax Provision is likely to grow to about 161.7 M, while Selling General Administrative is likely to drop about 91 M.

	2021	2022	2023	2024 (projected)
Interest Expense	243M	182M	132M	186.9M
Depreciation And Amortization	460M	517M	607M	362.5M

Interest Expense Depreciation And Amortization

MEG Energy fundamental ratios 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		0.38	0.18	-0.2	0.79	0.34	0.35	0.31	-0.68	-0.44	0.43	0.4	-0.44	0.85	0.19	0.58	0.29	-0.56	0.29	0.67	-0.16	0.29	0.61	-0.5	-0.6	-0.61
Total Assets	0.38		0.8	0.56	0.27	0.61	0.96	0.72	-0.24	0.11	0.96	-0.18	0.08	0.1	0.88	0.24	-0.21	-0.63	0.91	0.54	0.14	-0.03	-0.18	-0.27	0.31	0.04
Short Long Term Debt Total	0.18	0.8		0.55	-0.01	0.09	0.86	0.95	-0.49	-0.01	0.86	-0.43	-0.06	-0.11	0.93	-0.21	-0.09	-0.45	0.93	0.26	-0.16	0.0	-0.52	-0.31	0.39	0.24
Other Current Liab	-0.2	0.56	0.55		-0.17	0.37	0.51	0.35	0.22	0.52	0.45	-0.17	0.49	-0.43	0.52	-0.31	0.02	-0.07	0.5	-0.03	0.39	-0.29	-0.74	0.21	0.45	0.8
Total Current Liabilities	0.79	0.27	-0.01	-0.17		0.48	0.16	0.03	-0.34	-0.15	0.22	0.52	-0.13	0.86	-0.04	0.59	0.15	-0.48	0.09	0.7	0.19	0.61	0.66	-0.2	-0.49	-0.52
Total Stockholder Equity	0.34	0.61	0.09	0.37	0.48		0.43	-0.06	0.33	0.45	0.41	0.17	0.45	0.28	0.17	0.47	-0.23	-0.38	0.24	0.51	0.67	-0.07	0.2	0.12	0.17	-0.08
Property Plant And Equipment Net	0.35	0.96	0.86	0.51	0.16	0.43		0.84	-0.34	-0.09	0.99	-0.24	-0.13	0.07	0.94	0.24	-0.16	-0.66	0.96	0.54	-0.1	-0.08	-0.22	-0.41	0.31	0.02
Net Debt	0.31	0.72	0.95	0.35	0.03	-0.06	0.84		-0.66	-0.33	0.86	-0.34	-0.36	0.04	0.91	-0.06	0.01	-0.56	0.91	0.36	-0.44	0.03	-0.34	-0.49	0.21	0.04
Retained Earnings	-0.68	-0.24	-0.49	0.22	-0.34	0.33	-0.34	-0.66		0.64	-0.42	-0.06	0.63	-0.46	-0.42	-0.06	-0.32	0.44	-0.46	-0.29	0.59	-0.3	-0.19	0.51	0.49	0.4
Cash	-0.44	0.11	-0.01	0.52	-0.15	0.45	-0.09	-0.33	0.64		-0.15	-0.22	0.99	-0.46	-0.08	-0.45	-0.34	0.42	-0.1	-0.35	0.91	-0.09	-0.47	0.63	0.52	0.57
Non Current Assets Total	0.43	0.96	0.86	0.45	0.22	0.41	0.99	0.86	-0.42	-0.15		-0.19	-0.19	0.14	0.94	0.27	-0.13	-0.7	0.96	0.56	-0.15	-0.04	-0.16	-0.46	0.24	-0.04
Non Currrent Assets Other	0.4	-0.18	-0.43	-0.17	0.52	0.17	-0.24	-0.34	-0.06	-0.22	-0.19		-0.2	0.49	-0.37	0.5	0.17	-0.1	-0.3	0.13	0.01	0.13	0.51	-0.11	-0.73	-0.24
Cash And Short Term Investments	-0.44	0.08	-0.06	0.49	-0.13	0.45	-0.13	-0.36	0.63	0.99	-0.19	-0.2		-0.46	-0.12	-0.47	-0.34	0.38	-0.13	-0.36	0.93	-0.1	-0.43	0.75	0.47	0.55
Net Receivables	0.85	0.1	-0.11	-0.43	0.86	0.28	0.07	0.04	-0.46	-0.46	0.14	0.49	-0.46		-0.13	0.69	0.18	-0.42	-0.02	0.76	-0.14	0.41	0.82	-0.45	-0.64	-0.76
Non Current Liabilities Total	0.19	0.88	0.93	0.52	-0.04	0.17	0.94	0.91	-0.42	-0.08	0.94	-0.37	-0.12	-0.13		-0.02	-0.16	-0.52	0.99	0.31	-0.19	-0.08	-0.41	-0.37	0.35	0.15
Inventory	0.58	0.24	-0.21	-0.31	0.59	0.47	0.24	-0.06	-0.06	-0.45	0.27	0.5	-0.47	0.69	-0.02		0.05	-0.51	0.06	0.75	-0.17	0.19	0.75	-0.53	-0.37	-0.65
Other Current Assets	0.29	-0.21	-0.09	0.02	0.15	-0.23	-0.16	0.01	-0.32	-0.34	-0.13	0.17	-0.34	0.18	-0.16	0.05		-0.07	-0.14	0.07	-0.27	0.14	0.06	-0.2	-0.35	0.06
Other Stockholder Equity	-0.56	-0.63	-0.45	-0.07	-0.48	-0.38	-0.66	-0.56	0.44	0.42	-0.7	-0.1	0.38	-0.42	-0.52	-0.51	-0.07		-0.58	-0.66	0.23	-0.11	-0.28	0.24	0.11	0.39
Total Liab	0.29	0.91	0.93	0.5	0.09	0.24	0.96	0.91	-0.46	-0.1	0.96	-0.3	-0.13	-0.02	0.99	0.06	-0.14	-0.58		0.4	-0.16	0.0	-0.32	-0.39	0.29	0.08
Property Plant And Equipment Gross	0.67	0.54	0.26	-0.03	0.7	0.51	0.54	0.36	-0.29	-0.35	0.56	0.13	-0.36	0.76	0.31	0.75	0.07	-0.66	0.4		-0.09	0.34	0.5	-0.49	-0.17	-0.52
Total Current Assets	-0.16	0.14	-0.16	0.39	0.19	0.67	-0.1	-0.44	0.59	0.91	-0.15	0.01	0.93	-0.14	-0.19	-0.17	-0.27	0.23	-0.16	-0.09		0.04	-0.13	0.65	0.27	0.31
Short Term Debt	0.29	-0.03	0.0	-0.29	0.61	-0.07	-0.08	0.03	-0.3	-0.09	-0.04	0.13	-0.1	0.41	-0.08	0.19	0.14	-0.11	0.0	0.34	0.04		0.31	-0.12	-0.2	-0.27
Accounts Payable	0.61	-0.18	-0.52	-0.74	0.66	0.2	-0.22	-0.34	-0.19	-0.47	-0.16	0.51	-0.43	0.82	-0.41	0.75	0.06	-0.28	-0.32	0.5	-0.13	0.31		-0.26	-0.65	-0.9
Short Term Investments	-0.5	-0.27	-0.31	0.21	-0.2	0.12	-0.41	-0.49	0.51	0.63	-0.46	-0.11	0.75	-0.45	-0.37	-0.53	-0.2	0.24	-0.39	-0.49	0.65	-0.12	-0.26		0.2	0.42
Intangible Assets	-0.6	0.31	0.39	0.45	-0.49	0.17	0.31	0.21	0.49	0.52	0.24	-0.73	0.47	-0.64	0.35	-0.37	-0.35	0.11	0.29	-0.17	0.27	-0.2	-0.65	0.2		0.51
Current Deferred Revenue	-0.61	0.04	0.24	0.8	-0.52	-0.08	0.02	0.04	0.4	0.57	-0.04	-0.24	0.55	-0.76	0.15	-0.65	0.06	0.39	0.08	-0.52	0.31	-0.27	-0.9	0.42	0.51

Click cells to compare fundamentals

MEG Energy Account Relationship Matchups

MEG Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	299M	302M	311M	309M	288M	256.0M
Total Assets	7.9B	7.2B	7.6B	7.0B	6.9B	8.2B
Short Long Term Debt Total	3.4B	3.2B	3.0B	1.8B	1.4B	1.3B
Other Current Liab	98M	11M	52M	161M	94M	89.3M
Total Current Liabilities	558M	442M	899M	654M	584M	469.7M
Total Stockholder Equity	3.9B	3.5B	3.8B	4.4B	4.5B	4.3B
Property Plant And Equipment Net	6.7B	6.1B	6.0B	5.9B	5.7B	6.8B
Net Debt	3.2B	3.1B	2.7B	1.6B	1.2B	1.2B
Retained Earnings	(1.8B)	(2.2B)	(1.9B)	(988M)	(531M)	(557.6M)
Cash	206M	114M	361M	192M	160M	152M
Non Current Assets Total	7.2B	6.7B	6.5B	6.1B	6.0B	7.1B
Non Currrent Assets Other	202M	184M	243M	197M	342M	359.1M
Cash And Short Term Investments	206M	114M	361M	192M	160M	152M
Net Receivables	361M	263M	482M	475M	451M	245.5M
Liabilities And Stockholders Equity	7.9B	7.2B	7.6B	7.0B	6.9B	8.2B
Non Current Liabilities Total	3.5B	3.3B	2.9B	2.0B	1.8B	3.4B
Inventory	93M	96M	157M	185M	235M	246.8M
Other Current Assets	21M	24M	50M	91M	16M	15.2M
Other Stockholder Equity	182M	177M	172M	169M	180M	171M
Total Liab	4.0B	3.7B	3.8B	2.7B	2.4B	3.9B
Property Plant And Equipment Gross	6.7B	6.1B	10.1B	10.4B	10.9B	7.7B
Total Current Assets	681M	497M	1.1B	943M	862M	801.3M
Accumulated Other Comprehensive Income	29M	27M	25M	38M	33M	34.7M
Short Term Debt	(58M)	56M	307M	20M	15M	14.3M
Accounts Payable	358M	269M	455M	473M	475M	498.8M
Short Term Investments	10M	18M	15M	14M	13M	13.3M
Intangible Assets	9M	7M	5M	4M	3M	2.9M
Current Deferred Revenue	421.1M	80M	106M	85M	76.5M	72.7M
Common Stock Total Equity	5.4B	5.4B	5.4B	5.5B	6.3B	5.6B
Common Stock	5.4B	5.5B	5.5B	5.2B	4.8B	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	3.1B	2.9B	2.5B	1.6B	1.1B	1.1B
Deferred Long Term Liab	15.5M	16M	12M	8M	7.2M	9.2M
Short Long Term Debt	15.5M	17M	285M	3M	2.7M	2.6M
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.

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

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.

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MEG Ev To Operating Cash Flow vs Roe Analysis

Ev To Operating Cash Flow vs Roe

Ev To Operating Cash Flow vs Roe Correlation Analysis

Correlation Coefficient

Ev To Operating Cash Flow

Roe

MEG Energy fundamental ratios Correlations

MEG Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MEG Energy fundamental ratios Accounts

Pair Trading with MEG Energy

Other Information on Investing in MEG Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Current Deferred Revenue	- 0.9	Accounts Payable
Current Deferred Revenue	- 0.76	Net Receivables
Accounts Payable	- 0.74	Other Current Liab
Intangible Assets	- 0.73	Non Currrent Assets Other
Other Stockholder Equity	- 0.7	Non Current Assets Total
Retained Earnings	- 0.68	Common Stock Shares Outstanding