Toronto Stock Exchange · Energy
Invest in Meren Energy stock from India
Indian and foreign residents can buy Meren Energy (MER) shares directly through Paasa.
By Paasa · Updated
Meren Energy at a glance
- Price
- CA$2.15-CA$0.02 (0.92%)
- Market cap
- CA$1.45B
- Day range
- CA$2.14 – CA$2.17
- P/E
- -10.27
- Dividend yield
- 9.56%
- Volume
- 259.82K
- 1 month
- -4.02%
- 6 months
- -5.29%
- YTD
- +19.44%
- 1 year
- +12.57%
- 5 years
- +22.86%
Meren Energy statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $569.7M | $0.0 | $0.0 | $0.0 | $0.0 |
| Gross profit | $131.1M | $0.0 | $0.0 | $0.0 | $0.0 |
| Operating income | $95.1M | −$281.8M | $86.9M | −$59.2M | $208.9M |
| Net income | −$32.2M | −$279.0K | $87.1K | −$60.3M | $190.7M |
| Earnings per share | −$0.05 | −$0.00 | $0.00 | −$0.13 | $0.40 |
| EBITDA | $317.2M | $29.8K | −$31.9M | −$27.0M | $197.6M |
| Total assets | $1.9B | $615.2M | $966.2M | $917.7M | $991.6M |
| Total debt | $336.1M | $3.3M | $0.0 | $0.0 | $0.0 |
| Cash and short-term investments | $174.4M | $61.4M | $232.0M | $199.3M | $58.5M |
| Shareholders' equity | $764.5M | $548.8M | $894.6M | $830.6M | $948.1M |
| Operating cash flow | $339.4M | −$40.9M | −$53.3M | −$16.3M | −$10.2M |
| Free cash flow | $339.0M | −$40.9M | −$53.3M | −$16.3M | −$14.8M |
| Capital expenditure | −$407.0K | $0.0 | $0.0 | $0.0 | −$4.6M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in USD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Spartan Delta | SDE.TO | CA$12.90 | CA$2.65B |
| Kelt Exploration | KEL.TO | CA$10.68 | CA$2.16B |
| Tenaz Energy | TNZ.TO | CA$65.46 | CA$2.15B |
| Cardinal Energy | CJ.TO | CA$11.89 | CA$2.09B |
| Valeura Energy | VLE.TO | CA$14.81 | CA$1.57B |
| Precision Drilling | PD.TO | CA$116.00 | CA$1.49B |
| Trican Well Service | TCW.TO | CA$6.08 | CA$1.28B |
| Kiwetinohk Energy | KEC.TO | CA$24.73 | CA$1.10B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- —
- High
- —
- Median
- —
- Consensus
- —
Ratings: 1 buy · 0 hold · 0 sell. Consensus: Buy.
Published sell-side 12-month targets in CAD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Meren Energy from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search MER and buy
Find Meren Energy by name or by its ticker, MER, and place your order.
Why invest in Meren Energy from India
What Meren Energy does
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 deepwater Nigeria. Meren Energy operates in the Oil & Gas Exploration & Production industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Meren Energy stock from India?
Yes. Indian residents and NRIs can buy Meren Energy (MER) shares directly through Paasa. Meren Energy is listed on the Toronto Stock Exchange, in the Oil & Gas Exploration & Production industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Meren Energy shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.