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MEG Energy Corp. (T:MEG)

Business Focus: Unconventional Oil & Gas Production

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for MEG within the last 6 months
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Company News

Nov 09, 2022 16:39 ET
MEG Energy announces record quarterly production, strong Q3 results, and achievement of its US$1.2 billion net debt target
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, blend sales, bitumen realization, operating expenses net of power revenue, non-energy operating costs, energy operating costs, adjusted funds flow, free cash flow and net debt.
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Oct 20, 2022 17:00 ET
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Valuation Ratios

Industry
Sector
Beta
3.00
--
--
Price to Sales - TTM
0.97
0.97
3.63
Price to Book - most recent quarter
1.30
1.30
1.89
Price to Cash Flow per share - TTM
4.15
4.15
5.46
Price to Free Cash Flow per share - TTM
4.72
4.72
13.59
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 15, 20225,511,3011,295,339
Oct 31, 20224,215,962-598,372
Oct 15, 20224,814,334790,973
See Short Report

Business Summary

Sector:  Energy Industry:  Oil & Gas Exploration and Production

MEG Energy Corp. is a Canada-based energy company. The Company is focused on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods to improve the economic recovery of oil as well as lower carbon emissions. The Company transports and sells its thermal oil to customers throughout North America and internationally. Its technologies include SAGD, enhanced Modified Steam and Gas Push (eMSAGP), enhanced Modified VAPour EXtraction(eMVAPEX), and Cogeneration. It owns, leases and contracts for services at multiple facilities in order to transport, store and deliver Access Western Blend (AWB) to its customers. The Company's Christina Lake Project is a multi-phased project located 150 kilometers south of Fort McMurray in northeast Alberta. The project is comprised of approximately 200 square kilometers of leases.

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