Company
MEG Energy Corp.
Headquarters: Calgary, AB, Canada
Founded: 1999 by William J McCaffery as McCaffery Energy Group Inc
Employees: 411
CEO: Mr. Derek W. Evans B.Sc., P. Eng.
Market Cap
C$5.26 Billion
CAD as of Jan. 1, 2023
US$3.88 Billion
MEG Energy Corp. Categories
Canada
languages
Energy
languages
Oil & Gas E&P
Canada Energy
Canada Oil & Gas E&P
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Industry: Oil & Gas E&P
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Sector: Energy
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Detailed Description
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
Stocks & Indices
MEG Energy Corp. has the following listings and related stock indices.
Stock: TSX: MEG
Stock: FSX: ME7
Stock: OTC: MEGEF
Product & Services
PetroleumElectricity
Key People
Derek W. Evans chair, pres, ceo Dale Hohm cfo
Financials
Revenue: $3,931 million (2019)
Net income: C($72) million (201943%
Total assets: C$7,866 million (2019)6%
Total equity: $3,853 million (2019).85%