MEG Energy Corp (MEG) Quote - XTSE | Morningstar

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MEG Energy Corp's Company Profile

Business Description

MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.

Contact

600 - 3rd Avenue S.W., 21st Floor
Calgary, AB, T2P 0G5, Canada

T +1 587 293-6046

invest@megenergy.com

www.megenergy.com

Sector Energy

Industry Oil & Gas E&P

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2022

Stock Type —

Employees 415

MEG Energy Corp's Related News

Stock Strategist Industry Reports

Oil Sands Will Survive and Then Thrive

The market does not appreciate their near-term resiliency nor the long-term cash flow potential.

Stock Analyst Update

We See Tremendous Long-Term Opportunity in Oil Sands

Cenovus Energy remains our top pick among the subsector.

Stock Strategist Industry Reports

Oil Sands Producers Set to Become More Competitive

Next-generation solvent technology is lowering costs, and the long-term impact could be immense.

Stock Strategist

Oil and Gas Price Outlook: Updating Our Near-Term Methodology for Forecasting Prices

In isolation, this will be a valuation tailwind for our coverage, but in most cases it will be modest.

Opportunity in Canadian Heavy Oil

With concerns over pipeline capacity subsiding, Canadian heavy oil producers such as MEG Energy are poised to benefit from the significant narrowing in differentials.

Quarter-End Insights

Our Top Picks in the Energy Patch

Plus, our take on the prospects for Canadian energy, where insufficient pipeline capacity is limiting access to export markets.

This Oil Producer Is on Track for the Future

MEG Energy has been ahead of the curve in securing rail, barge, and pipeline access to critical markets.

Stock Strategist Industry Reports

Our Transition to Net Asset Value Methodology for Oil Sands Producers

We have modestly reduced the fair value estimates for our covered oil sands producers; CNRL remains a Best Idea.

Stock Strategist

MEG Energy Takes a Shortcut to the Gulf Coast

Increased access to the Gulf Coast results in higher realizations.

CNOOC Makes Nexen an Offer It Cannot Refuse

Despite the hefty premium paid, we think that CNOOC is getting a reasonable deal.

Robert Bellinski, CFA

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