MEG Energy Corp. (MEGEF) Stock

About MEG Energy Corp.

MEG Energy Corp. operates as an energy enterprise, primarily specializing in the responsible, in-situ production of thermal oil within Alberta, Canada's southern Athabasca oil region. The company holds full ownership of mineral leases spanning approximately 410 square miles. It also develops advanced oil recovery initiatives, employing steam-assisted gravity drainage (SAGD) techniques designed to both enhance crude oil retrieval and mitigate carbon emissions. MEG Energy ensures the transportation and distribution of its thermal oil product to refiners across North America and internationally. As of December 31, 2021, its Christina Lake Project boasted substantial gross proved plus probable bitumen reserves, estimated at 2.0 billion barrels. Established in 1999, the company maintains its corporate headquarters in Calgary, Canada.

MEG Energy Corp. is headquartered in CA.

MEG Energy Corp. (MEGEF) stock trades at $22.05 with a market capitalization of $5.61B. The stock is valued at a price-to-earnings (P/E) ratio of 18.11, price-to-book of 1.66, price-to-sales of 2.35. Over the past 52 weeks the stock has ranged between $12.00 and $22.14, and currently trades at its 52-week high. It pays a dividend yielding 1.45%.

On profitability, MEG Energy Corp. generates a return on equity (ROE) of 9.39%, return on capital employed of 9.74%, an operating margin of 18.76%, a net profit margin of 13.04%.

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