MEG Energy Corp. engages in the production of in-situ thermal oil. The company is headquartered in Calgary, Alberta and currently employs 473 full-time employees. The company went IPO on 2010-07-29. The firm is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the economic recovery of oil. The company transports and sells thermal oil (AWB) to customers throughout North America and internationally. The firm owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. The company comprised of approximately 200 square kilometers of leases.
Follow-Up Questions
Who is the CEO of MEG Energy Corp?
Ms. Darlene Gates is the President of MEG Energy Corp, joining the firm since 2021.
What is the price performance of MEGEF stock?
The current price of MEGEF is $21.18, it has decreased 0% in the last trading day.
What are the primary business themes or industries for MEG Energy Corp?
MEG Energy Corp belongs to Energy industry and the sector is Energy
What is MEG Energy Corp market cap?
MEG Energy Corp's current market cap is $5.3B
Is MEG Energy Corp a buy, sell, or hold?
According to wall street analysts, 12 analysts have made analyst ratings for MEG Energy Corp, including 2 strong buy, 3 buy, 6 hold, 0 sell, and 2 strong sell
