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Meren Energy Inc.

Energy CA MER

2.15CAD
-0.03(1.38%)

Last update at 2026-03-10T20:00:00Z

Day Range

2.112.16
LowHigh

52 Week Range

1.462.22
LowHigh

Fundamentals

  • Previous Close 2.18
  • Market Cap1214.53M
  • Volume685804
  • P/E Ratio3.78
  • Dividend Yield-%
  • Revenue TTM0.00000M
  • Revenue Per Share TTM-
  • Gross Profit TTM 0.00000M
  • Diluted EPS TTM-

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -279.10000M 87.10M -60.30000M 190.72M -17.61400M
Minority interest - - - - -
Net income -279.10000M 87.10M -60.30000M 190.70M -17.61400M
Selling general administrative 32.40M 31.90M 27.00M 18.02M 14.13M
Selling and marketing expenses - - - - -
Gross profit - - - - -
Reconciled depreciation - - - - -
Ebit - - - -18.00000M -229.72900M
Ebitda - - - 197.60M -228.43700M
Depreciation and amortization - - - 215.60M 1.29M
Non operating income net other - - - - -
Operating income -281.80000M 86.90M -59.20000M 208.85M 10.63M
Other operating expenses - - - 18.02M 14.13M
Interest expense 187.30M 181.00M 138.40M 18.27M 29.34M
Tax provision - - - - -
Interest income 2.70M 0.20M 1.10M - -
Net interest income - - - - -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - - 245.00M -
Total revenue 0.00000M 0.00000M 0.00000M - -
Total operating expenses - - - 18.02M 14.13M
Cost of revenue - - - - -
Total other income expense net - - - -18.20000M -28.24700M
Discontinued operations - - - - -
Net income from continuing ops - - - - -
Net income applicable to common shares -279.10000M 87.10M -60.30000M - -
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 615.20M 966.20M 917.70M 991.62M 910.50M
Intangible assets - - - 0.19M 190.40M
Earning assets - - - - -
Other current assets 7.00M - 0.40M -0.38740M 0.00138M
Total liab 66.40M 71.60M 87.10M 43.56M 156.21M
Total stockholder equity 548.80M 894.60M 830.60M 948.06M 754.29M
Deferred long term liab - - - - -
Other current liab - - - 6.96M 12.32M
Common stock 1195.80M 1265.30M 1267.70M 1309.13M 1306.48M
Capital stock - - - - -
Retained earnings -734.00000M -432.30000M -496.30000M -412.21200M -610.71900M
Other liab - - - - -
Good will - - - - -
Other assets - - - - -
Cash - - - 58.51M 38.74M
Cash and equivalents 61.40M 232.00M 199.30M - -
Total current liabilities 14.60M 22.40M 44.50M 7.62M 12.54M
Current deferred revenue - - - - -
Net debt - - - -58.51200M 102.95M
Short term debt 0.00000M 0.00000M 0.00000M - 0.45M
Short long term debt - - - - -
Short long term debt total - - - - 141.69M
Other stockholder equity - - 0.00000M 51.16M 50.84M
Property plant equipment 32.50M 19.10M 63.60M - -
Total current assets 76.70M 237.10M 201.10M 59.54M 41.86M
Long term investments - - - - -
Net tangible assets - - - - -
Short term investments - - - - -
Net receivables 4.00M 5.10M 1.40M 0.66M -
Long term debt - - 0.00000M - -
Inventory - - - - -
Accounts payable - - - 0.66M -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - 7.69M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - -0.93210M -190.39600M
Deferred long term asset charges - - - - -
Non current assets total - - - 932.08M 868.64M
Capital lease obligations - - - - -
Long term debt total 2.60M 0.00000M 0.00000M - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments - - - - -
Change to liabilities - - - - -
Total cashflows from investing activities -61.30000M 114.70M 220.20M 187.70M -394.27200M
Net borrowings - - - - -
Total cash from financing activities -68.40000M -29.10000M -63.20000M -159.11900M 110.64M
Change to operating activities - - - - -
Net income -279.10000M 87.10M -60.30000M 190.72M -17.61400M
Change in cash -170.60000M 32.30M 140.80M 18.41M -288.99000M
Begin period cash flow - - - 40.47M 329.46M
End period cash flow - - - 58.88M 40.47M
Total cash from operating activities -40.90000M -53.30000M -16.30000M -10.20900M -5.34800M
Issuance of capital stock - - - - -
Depreciation - - - - 1.29M
Other cashflows from investing activities -53.60000M 130.10M 223.50M 194.27M 174.18M
Dividends paid 22.60M 23.10M 23.80M - -
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -45.30000M -6.00000M -36.60000M -0.40000M -0.33000M
Other cashflows from financing activities - - -2.80000M -17.10000M -28.83500M
Change to netincome - - - - -
Capital expenditures 7.70M 15.40M 3.30M 4.59M 0.09M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -14.80000M -28.80000M 1.20M 0.17M 3.90M
Stock based compensation - - - 6.30M 2.97M
Other non cash items - - - -207.41700M 28.85M
Free cash flow - - - -14.79500M -5.43500M

Peer Comparison

Sector: Energy Industry: Oil & Gas E&P

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
MER
Meren Energy Inc.
-0.03 1.38% 2.15 - - - -
CNQ
Canadian Natural Resources Ltd
-0.66 1.05% 62.11 16.37 19.08 2.80 2.71 2.85 7.23
OXY
Occidental Petroleum CDR (CAD Hedged)
-0.73 3.15% 22.41 - - - -
TOU
Tourmaline Oil Corp.
-0.83 1.30% 62.77 17.79 13.35 5.50 1.48 4.22 7.35
OVV
Ovintiv Inc
-1.1 1.51% 71.86 48.39 8.24 1.99 1.28 2.18 6.77

Reports Covered

Stock Research & News

Profile

Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa Oil Corp. and changed its name to Meren Energy Inc. in May 2025. The company was incorporated in 1993 and is based in Vancouver, Canada.

Meren Energy Inc.

666 Burrard Street, Vancouver, BC, Canada, V6C 2X8

Key Executives

Name Title Year Born
Dr. Roger Morris Tucker President, CEO & Director 1957
Mr. Craig Knight Chief Operations Officer NA
Ms. Joanna Kay Chief Legal Officer & Corporate Secretary NA
Dr. Oliver Quinn Chief Commercial Officer NA
Mr. Aldo Perracini Chief Financial Officer NA
Mr. Shahin Amini Head of Investor Relations & Communications NA
Dr. Oliver Quinn Chief Commercial & Operating Officer NA
Mr. Craig Knight Executive Officer NA
Mr. Tom Haffenden Chief Human Resources Officer NA

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