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    MEG   CA5527041084


Delayed Toronto Stock Exchange  -  04:36 2022-08-12 pm EDT
17.66 CAD   +1.15%
08/12WTI Crude Oil Falls on the Prospect for a Return of Iranian Exports to the World Market
08/12September WTI Crude Oil Contract Closes Down US$2.25; Settles at US$92.09 per Barrel
08/12Oil Trading Lower on the Prospect for a Return of Iranian Exports to the World Market
Business Summary
Logo MEG Energy Corp.
MEG Energy Corp. is a Canada-based energy company. The Company is focused on thermal oil production in the southern Athabasca region of Alberta, Canada. The Company transports and sells its thermal oil production to refiners throughout North America and internationally. The Company is actively 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's operating projects include Christina Lake Project, Surmont Project and Growth Properties. The Christina Lake Project is focused on oil development located in the southern Athabasca region, which is a multi-phased project located approximately 150 kilometres south of Fort McMurray in northeast Alberta. The Surmont project is located in the southern Athabasca region of Alberta, approximately 80 kilometres south of Fort McMurray.

Number of employees : 415 people.
Sales per Business
Petroleum2 244.0097.9%4 298.0099.5% +91.53%
Power45.002%87.002% +93.33%
Transportation12.000.5%12.000.3% 0%
CAD in Million
Sales per region
United States1 440.0062.8%2 419.0056% +67.99%
Canada852.0037.2%1 902.0044% +123.24%
CAD in Million
Name Title Age Since
Derek Evans President, Chief Executive Officer & Director 64 2018
Ryan M. Kubik Chief Financial Officer - 2022
Chi-Tak Yee Chief Technology Officer - 2021
Darlene Gates Chief Operating Officer - 2021
Lyle S. Yuzdepski Secretary, Senior VP-Legal & General Counsel - 2020
Members of the board
Name Title Age Since
Ian Bruce Chairman 66 2020
James D. McFarland Independent Director 74 2010
Jeffrey McCaig Independent Director 69 2020
Diana J. McQueen Independent Director 59 2015
Susan M. MacKenzie Independent Director 60 2020
Robert Bruce Hodgins Independent Director 69 2010
Derek Evans President, Chief Executive Officer & Director 64 2018
Kim L. Proctor Director - 2022
Gary Bosgoed Director - 2022
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 307,270,722 305,567,540 99.4% 0 0.0% 99.4%
Fidelity Management & Research Co. LLC 32,269,847 10.5%
CNOOC Limited 28,704,500 9.35%
Capital Research & Management Co. (World Investors) 13,743,435 4.48%
Dimensional Fund Advisors LP 10,701,623 3.49%
The Vanguard Group, Inc. 8,049,333 2.62%
Ninepoint Partners LP 7,500,000 2.44%
RBC Global Asset Management, Inc. 5,612,459 1.83%
BlackRock Fund Advisors 4,070,428 1.33%
Canoe Financial LP 3,878,133 1.26%
Mackenzie Financial Corp. 3,739,106 1.22%
Company contact information
MEG Energy Corp.
3rd Avenue SW
Suite 600
21st Floor
Calgary, AB T2P 0G5

Phone : +1.403.770.0446
Fax : +1.403.264.1711
Web : http://www.megenergy.com
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Sector Oil & Gas Exploration and Production