Last C$36.19 CAD
Change Today -0.14 / -0.39%
Volume 413.9K
MEG On Other Exchanges
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As of 1:17 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

meg energy corp (MEG) Snapshot

Open
C$37.04
Previous Close
C$36.33
Day High
C$37.04
Day Low
C$36.12
52 Week High
04/30/14 - C$41.29
52 Week Low
12/12/13 - C$28.60
Market Cap
8.1B
Average Volume 10 Days
610.9K
EPS TTM
C$0.49
Shares Outstanding
223.7M
EX-Date
--
P/E TM
73.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MEG ENERGY CORP (MEG)

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meg energy corp (MEG) Details

MEG Energy Corp. engages in the development and production of in situ oil sands in Alberta, Canada. The company is developing enhanced oil recovery projects that utilize steam assisted gravity drainage extraction methods. It owns 100% working interest in approximately 200 square kilometers of oil sands leases in the Christina Lake project; and holds interest in approximately 2,000 square kilometers in the Growth Properties. The company also owns 100% working interest in the oil sands leases associated with the Surmont Project. In addition, it holds a 50% interest in a dual pipeline system, which connects the Christina Lake project to a regional upgrading, refining, and transportation hub in the Edmonton, Alberta area, as well as owns the Stonefell Terminal, a terminalling and storage facility. As of December 31, 2011, the company had 2.6 billion barrels of proved plus probable bitumen reserves and 3.4 billion barrels of contingent bitumen resources. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.

583 Employees
Last Reported Date: 03/5/14
Founded in 1999

meg energy corp (MEG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$561.0K
Chief Financial Officer
Total Annual Compensation: C$131.0K
Senior Vice President of Reservoir & Geoscien...
Total Annual Compensation: C$359.6K
Senior Vice President of Resource Management ...
Total Annual Compensation: C$318.0K
Senior Vice President of Resource Management ...
Total Annual Compensation: C$318.0K
Compensation as of Fiscal Year 2013.

meg energy corp (MEG) Key Developments

MEG Energy Corp. Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Production Guidance for 2014

MEG Energy Corp. reported earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, net income was CAD 249 million or CAD 1.11 per diluted share against net loss of CAD 62.3 million or CAD 0.28 per diluted share last year. Operating earnings were CAD 111.1 million or CAD 0.49 per diluted share against CAD 13.6 million or CAD 0.06 per diluted share last year. Cash flow from operations was CAD 261.7 million or CAD 1.16 per diluted share against CAD 79.2 million or CAD 0.35 per diluted share last year. The increase in cash flow from operations was primarily due to higher production volumes and increased netbacks per barrel. For the six months, net income was CAD 145.5 million or CAD 0.65 per diluted share against net loss of CAD 133.6 million or CAD 0.60 per diluted share last year. Operating earnings were CAD 151.8 million or CAD 0.68 per diluted share against operating loss of CAD 23.1 million or CAD 0.10 per diluted share last year. Cash flow from operations was CAD 418.7 million or CAD 1.86 per diluted share against CAD 86.3 million or CAD 0.39 per diluted share last year. For the quarter, the company recorded Bitumen production of 68,984 barrels per day (bpd), nearly 18% higher than the first quarter and 115% higher than the second quarter of 2013, all while factoring in the impact of planned maintenance on Phases 1 and 2. For the second quarter of 2013, Bitumen production was 32,144 barrels per day. Bitumen sales were 70,849 bbls/d against 32,175 bbls/d last year. For the six months, the company recorded Bitumen production of 63,842 barrels per day against 32,337 barrels per day last year. Bitumen sales were 64,504 bbls/d against 32,284 bbls/d last year. Quarterly and year-to-date production volumes in both comparative periods were impacted by planned maintenance. For 2014, the company increased production guidance 8% to 65,000 bpd to 70,000 bpd, reflecting strong operational performance.

MEG Energy Corp., Q2 2014 Earnings Call, Jul 30, 2014

MEG Energy Corp., Q2 2014 Earnings Call, Jul 30, 2014

MEG Energy Corp. Presents at Barclays High Yield Bond & Syndicated Loan Conference, May-13-2014 10:10 AM

MEG Energy Corp. Presents at Barclays High Yield Bond & Syndicated Loan Conference, May-13-2014 10:10 AM. Venue: Arizona Biltmore, Phoenix, Arizona, United States. Speakers: Eric Lloyd Toews, Chief Financial Officer.

 

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MEG

Industry Average

Valuation MEG Industry Range
Price/Earnings 70.1x
Price/Sales 3.5x
Price/Book 1.6x
Price/Cash Flow 20.2x
TEV/Sales 1.4x
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