MEG Energy Corp. (MEG.TO)
MEG Energy Corp. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Calgary, AB, CA. The stock last traded at $30.89, up 0.72% on the session, giving a market capitalisation of $7.86B. Its beta of 1.01 implies it has historically moved more than the broad market.
MEG Energy Corp. is an energy firm specializing in the environmentally conscious production of thermal oil through in-situ methods, with operations centered in the southern Athabasca oil sands region of Alberta, Canada. The company holds full ownership of mineral leases spanning approximately 410 square miles. Furthermore, MEG Energy pioneers oil recovery initiatives employing steam-assisted gravity drainage (SAGD) extraction techniques, which are designed to enhance crude oil extraction rates while simultaneously reducing carbon emissions. Its thermal oil product is then transported and sold to refineries across North America and globally. According to data from December 31, 2021, the company possessed an estimated 2.0 billion barrels of gross proved plus probable bitumen reserves specifically at its Christina Lake Project. Established in 1999, the corporation's main offices are located in Calgary, Canada.
MEG Energy Corp. is most often compared with the following Energy names: