MEG still shows room to run from a valuation and technical standpoint. MEG Energy (OTCPK:MEGEF) has been on fire as of late. The stock is up about 115% since bottoming in late October.

Debt holders of MEG Energy Corp. are betting the Canadian oil-sands developer will accept a sweetened takeover bid from Husky Energy Inc. -- or from another interested bidder.

Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly C$6 billion ($4.42 billion) hostile takeover offer from Strathcona Resources , calling the bid inadequate and ...

Canadian oil and gas company MEG Energy is testing the capacity for oil-related loans with a US$1.235bn deal that will be used to refinance debt and is part of an overall capital restructuring.