Company MEG Energy Corp.

Equities

MEG

CA5527041084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-19 pm EDT			5-day change	1st Jan Change
31.16 ^CAD	-0.35%		-0.83%	+31.64%

Mar. 26	RBC Capital Markets Details Bitumen Production In Alberta For February	MT
Mar. 22	CIBC Raises Price Target on 6 Canadian Energy Stocks	MT

Business Summary

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company 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. It comprised of approximately 200 square kilometers of leases.

Number of employees: 450

Sales per Business

CAD in Million	2022	Weight	2023	Weight	Delta
Petroleum 106.0 %	6,195	101.3 %	5,992	106.0 %	-3.28%
Royalties -8.1 %	-225	-3.7 %	-456	-8.1 %	+102.67%
Power 2.0 %	144	2.4 %	114	2.0 %	-20.83%
Transportation 0.1 %	4	0.1 %	3	0.1 %	-25.00%

Sales per region

CAD in Million	2022	Weight	2023	Weight	Delta
United States 78.0 %	4,530	74.0 %	4,407	78.0 %	-2.72%
Canada 22.0 %	1,588	26.0 %	1,246	22.0 %	-21.54%

Managers

Managers	Title	Age	Since
Derek Evans CEO	Chief Executive Officer	67	18-08-08
Ryan Kubik DFI	Director of Finance/CFO	-	22-07-31
Darlene Gates COO	Chief Operating Officer	-	21-09-06
Lyle Yuzdepski LAW	General Counsel	-	19-12-31
Dave Granger HRO	Human Resources Officer	-	18-12-31

Members of the board

Members of the board	Title	Age	Since
Jeffrey McCaig BRD	Director/Board Member	72	14-02-28
Derek Evans CEO	Chief Executive Officer	67	18-08-08
Jim McFarland CHM	Chairman	77	10-06-08
Robert Hodgins BRD	Director/Board Member	72	10-09-20
Kim Proctor BRD	Director/Board Member	49	22-05-02
Sue MacKenzie BRD	Director/Board Member	63	20-06-16
Diana McQueen BRD	Director/Board Member	62	15-10-05
Gary Bosgoed BRD	Director/Board Member	66	22-07-03

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	272,603,960	271,724,466 ( 99.68 %)	0	99.68 %

Shareholders

Name	Equities	%	Valuation
Canoe Financial LP 1.242 %	3,379,588	1.242 %	78 M $
Manulife Investment Management Ltd. 0.3602 %	979,992	0.3602 %	23 M $
Return On Innovation Advisors Ltd. 0.2951 %	803,000	0.2951 %	18 M $
Jeffrey McCaig 0.2569 %	699,150	0.2569 %	16 M $
SLGI Asset Management, Inc. 0.1547 %	420,974	0.1547 %	10 M $
Dimensional Fund Advisors Ltd. 0.1499 %	407,821	0.1499 %	9 M $
Sjunde AP-fonden 0.1263 %	343,705	0.1263 %	8 M $
SEI Investments (Europe) Ltd. 0.1004 %	273,321	0.1004 %	6 M $
Russell Investments Canada Ltd. 0.0806 %	219,280	0.0806 %	5 M $
Investec Asset Management Ltd. 0.0802 %	218,281	0.0802 %	5 M $