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.

TSX: MEG -0.35%

Market Cap

C$6.84 Billion

CAD as of Jan. 1, 2024

US$5.16 Billion

Market Cap History

MEG Energy Corp. market capitalization over time

Evolution of MEG Energy Corp. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of MEG Energy Corp.

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.

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Stocks & Indices

MEG Energy Corp. has the following listings and related stock indices.


Stock: TSX: MEG wb_incandescent

Stock: FSX: ME7 wb_incandescent

Stock: OTC: MEGEF wb_incandescent

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%

Details

Headquarters:

600 – 3rd Avenue SW

25th Floor

Calgary, AB T2P 0G5

Canada

Phone: 403 770 0446

Fax: 403 264 1711