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Last C$13.61 CAD
Change Today -0.41 / -2.92%
Volume 1.2M
MEG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

meg energy corp (MEG) Snapshot

Open
C$13.60
Previous Close
C$14.02
Day High
C$14.32
Day Low
C$13.35
52 Week High
08/29/14 - C$39.02
52 Week Low
12/12/14 - C$13.30
Market Cap
3.1B
Average Volume 10 Days
1.2M
EPS TTM
C$-3.12
Shares Outstanding
224.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MEG ENERGY CORP (MEG)

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meg energy corp (MEG) Details

MEG Energy Corp. develops and produces in situ oil sands in Alberta, Canada. The company is developing oil recovery projects that utilize steam assisted gravity drainage extraction methods. It owns a 100% working interest in approximately 900 square miles of oil sands leases located in the southern Athabasca oil sands region of Alberta. The company also owns a 100% interest in the Stonefell Terminal, which offers 900,000 barrels of terminalling and storage capacity located near Edmonton, Alberta; and a 50% interest in the Access Pipeline, a dual pipeline to transport diluent north from the Edmonton area to the Athabasca oil sands area, as well as a blend of bitumen and diluent south from the Christina Lake Project into the Edmonton area. As of December 31, 2014, it had 3.0 billion barrels of proved plus probable bitumen reserves and 3.8 billion barrels of contingent bitumen resources. MEG Energy Corp. was incorporated in 1999 and is headquartered in Calgary, Canada.

685 Employees
Last Reported Date: 03/4/15
Founded in 1999

meg energy corp (MEG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$586.2K
Chief Financial Officer
Total Annual Compensation: C$397.1K
Senior Vice President of Reservoir & Geoscien...
Total Annual Compensation: C$384.7K
Senior Vice President of Resource Management ...
Total Annual Compensation: C$332.3K
Senior Vice President of Resource Management ...
Total Annual Compensation: C$332.3K
Compensation as of Fiscal Year 2014.

meg energy corp (MEG) Key Developments

MEG Energy Corp. Reports Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Non-Energy Operating Costs Guidance for Full Year of 2015

MEG Energy Corp. reported earnings and production results for the second quarter and six months ended June 30, 2015. For the six months, the company reported cash flow from operations of $70 million or $0.31 per diluted share against $419 million or $1.86 per diluted share a year ago. Operating loss was $147 million or $0.66 per diluted share against operating profit of $152 million or $0.68 million a year ago. Revenue was $1,022 million against $1,509 million a year ago. Net loss was $445 million or $1.99 per basic and diluted share against net profit of $146 million or $0.65 per basic and diluted share a year ago. For the quarter, the company reported cash flow from operations of $99 million or $0.44 per diluted share against $262 million or $1.16 per diluted share a year ago. Operating loss was $23 million or $0.10 per diluted share against operating profit of $111 million or $0.49 million a year ago. Revenue was $555 million against $829 million a year ago. Net earnings were $63 million or $0.28 per basic and diluted share against $249 million or $1.11 per diluted share a year ago. The decrease in cash flow from operations is primarily due to lower U.S. crude oil benchmark pricing and higher transportation and interest costs, partially offset by lower net operating costs and reduced royalties (reflecting lower commodity prices). Operating earnings were impacted by a lower bitumen realization, primarily as a result of the significant decline of U.S. crude oil benchmark pricing, higher transportation costs and an increase in interest expense, partially offset by lower net operating costs and lower royalties. For the quarter, the company recorded Bitumen production of 71,376 barrels per day against 68,984 barrels per day a year ago. For the six months, the company recorded Bitumen production of 76,856 barrels per day against 63,842 barrels per day last year. The guidance for full-year 2015 non-energy operating costs is now $7.30 to $9.30 per barrel. Capital budget was $305 million remain unchanged.

MEG Energy Corp., Q2 2015 Earnings Call, Jul 28, 2015

MEG Energy Corp., Q2 2015 Earnings Call, Jul 28, 2015

MEG Energy Corp Temporarily Suspends Operations at Christina Lake Region of Alberta

MEG Energy Corp. has responded to a potential risk from forest fires reported to the northwest of the company's facilities in the Christina Lake region of Alberta. It said while there is currently no safety risk or impact to production facilities, the company has, as a precautionary measure, coordinated transportation out of the immediate area for non-essential staff and contractors. As a precautionary measure, the company temporarily suspended operations, including its planned maintenance turnaround. As soon as it has safety clearance regarding fire hazards, it will resume normal operations.

 

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Price/Book 0.7x
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