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11.09am: Retailers among rare S&P risers Just over 30 companies on the S&P 500 are in green, led by Best Buy and Target on the back of earnings released...

Meren Energy (MRNFF) lacks operational control in its joint ventures. The passivity requires heightened financial flexibility for participation in operator-driven drilling campaigns. Debt repayment remains a priority for MRNFF. All current cash flow and major capital requirements stem from Nigeria.

Meren Energy Inc. (MER:CA) Q4 2025 Earnings Call Transcript

Meren Energy Inc (TSX:MER, OTCQX:MRNFF, FRA:AFZ0) has highlighted a year of operational and financial change in 2025, underscored by the completion of its Prime amalgamation, improved shareholder returns and continued balance sheet strengthening. The company said the transaction to take full control of Prime's assets was transformative, doubling Meren's reserves and production base.

February 10, 2026, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Meren Energy, Inc. (TSX: MER) titled, “West Africa Asset Base Supports Cash Returns with Funded Upside Exposure”. The report can be accessed here. Meren Energy, Inc. is a Canadian oil & gas exploration and production company whose assets are located offshore West Africa. The company's primary listing is on the TSX under the ticker symbol ‘MER'. Meren also trades on the Nasdaq Stockholm exchange under the ‘MER' ticker symbol. On November 3, 2025, the shares began in the US on the OTCQX Best Market under the ticker symbol ‘MRNFF'. Meren's business model exposes stakeholders to three of Nigeria's top five offshore producing oilfields and fully funded long-term reserve and production growth potential in the Orange Basin in deepwater offshore Namibia and South Africa. The Nigeria assets are operated by Chevron and TotalEnergies, while the Orange Basin assets are operated by TotalEnergies.

Meren Energy remains undervalued despite strong growth prospects and a significant stock price recovery. MRNFF offers a high dividend yield. It is also supported by an extremely conservative 0.4 debt ratio. Management's renewal of a normal course issuer bid signals confidence in MRNFF's undervaluation.

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Meren Energy Inc (TSX:MER, OTCQX:MRNFF, FRA:AFZ0) announced on Monday that its CEO and president, Roger Tucker, has stepped down from his roles. He has been succeeded by Oliver Quinn, the company's chief commercial and operating officer, who has also been appointed to Meren's board of directors.

Meren Energy is an $870M small-cap oil producer primarily operating in Nigeria. MRNFF underperformed the S&P 500 by 30% due to weak oil prices and asset concentration. Despite recent underperformance, MRNFF retains substantial potential to drive shareholder returns.

Meren Energy Inc (TSX:MER, OTCQX:MRNFF) announced that it has renewed its share repurchase program after receiving approval from the Toronto Stock Exchange. The upstream oil and gas company said it views share repurchases as an effective use of capital and a means of returning value to shareholders.

Meren Energy (MRNFF) is prioritizing debt reduction and financial flexibility. Free cash flow from operations is being used to repay debt. The company has sold down interests in other projects in exchange for a carry to first production.

Meren Energy Inc. ( MER:CA ) Q3 2025 Earnings Call November 17, 2025 9:00 AM EST Company Participants Shahin Amini - Head of Investor Relations & Communications Roger Tucker - President, CEO & Director Aldo Perracini - Chief Financial Officer Oliver Quinn - Chief Commercial & Operating Officer Conference Call Participants Jeffrey Robertson - Water Tower Research LLC David Round - Stifel, Nicolaus & Company, Incorporated, Research Division Presentation Operator Hello, everyone. My name is Sophie, and I will be your conference operator today.

Meren Energy Inc (TSX:MER, OTCQX:MRNFF) earlier this week said it had upgraded its US trading status from the OTC Pink to the OTCQX market, in a move it described as an important step in its investor engagement strategy. The company told investors that the upgrade would support greater visibility and communication with capital markets, including US-based retail and institutional investors.