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Scotiabank lowered the firm’s price target on MEG Energy (MEGEF) to C$30 from C$33 and keeps an Outperform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.

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• MEG Energy price target lowered to C$28 from C$32 at CIBC

• MEG Energy (MEGEF) Declares Q2 Dividend: Important Details for Shareholders

• MEG Energy Corp’s Record Year and Future Outlook

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• MEG Energy price target lowered to C$32 from C$33 at TD Securities