HomeMEG • TSE
MEG Energy Corp
$31.25
Mar 28, 3:24:59 PM GMT-4 · CAD · TSE · Disclaimer
StockCA listed securityCA headquartered
Previous close
$30.85
Day range
$30.68 - $31.25
Year range
$19.41 - $31.44
Market cap
8.50B CAD
Avg Volume
1.83M
P/E ratio
15.81
Dividend yield
-
Primary exchange
TSE
CDP Climate Change Score
B
Financials
Income Statement
Revenue
Net income
(CAD)Dec 2023Y/Y change
Revenue
1.44B-0.07%
Operating expense
453.00M-6.40%
Net income
103.00M-35.22%
Net profit margin
7.13-35.18%
Earnings per share
0.34-40.91%
EBITDA
384.00M-1.03%
Effective tax rate
18.25%
Total assets
Total liabilities
(CAD)Dec 2023Y/Y change
Cash and short-term investments
174.00M-15.12%
Total assets
6.90B-1.92%
Total liabilities
2.37B-10.53%
Total equity
4.53B
Shares outstanding
272.10M
Price to book
1.87
Return on assets
6.62%
Return on capital
7.68%
Net change in cash
(CAD)Dec 2023Y/Y change
Net income
103.00M-35.22%
Cash from operations
536.00M1.90%
Cash from investing
-105.00M-23.53%
Cash from financing
-389.00M6.04%
Net change in cash
35.00M52.17%
Free cash flow
465.12M14.70%
About
MEG Energy is a pure play Canadian oil sands producer engaged in exploration in Northern Alberta. All of its oil reserves are more than 1,000 feet below the surface and so they depend on steam-assisted gravity drainage and associated technology to produce. The company's main thermal project is Christina Lake. 85-megawatt cogeneration plants are used to produce the steam used in SAGD which is required to bring bitumen to the surface. The excess heat and electricity produced at its plants is then sold to Alberta's power grid. Its proven reserves have been independently pegged at 1.7 billion barrels and probable reserves 3.7 billion barrels; That's significant considering only 300 billion barrels of the 1.6 trillion barrels of bitumen in Alberta is considered recoverable under current technology. The value of those reserves is over $19.8 billion. CNOOC has a minority 16.69% interest in MEG Energy. Within nine months of going public it reached large cap company status after a small cap ipo. As recently as 2007 it was a junior oil company. Wikipedia
Founded
1999
Employees
450
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