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Last update at 2025-01-22T19:44:00Z
Is MEG Energy Corp. (TSE:MEG) Trading At A 34% Discount?
Thu 02 Jan 25, 10:58 AMMEG Energy Announces Dates for 2025 Capital and Operating Budget and Business Update Webcast
Fri 15 Nov 24, 03:45 PMHere’s Why Cenovus Energy (CVE) Fell in Q3
Wed 13 Nov 24, 02:10 PMThere May Be Some Bright Spots In MEG Energy's (TSE:MEG) Earnings
Tue 12 Nov 24, 10:36 AMMEG Energy Third Quarter 2024 Earnings: Misses Expectations
Thu 07 Nov 24, 11:55 AMMEG Energy Corp (MEGEF) Q3 2024 Earnings Call Highlights: Operational Efficiency and ...
Thu 07 Nov 24, 07:09 AMMEG Energy Announces Third Quarter of 2024 Results and Conference Call
Thu 17 Oct 24, 09:01 PMMEG Energy Corp. (MEG) Opens the Market
Fri 11 Oct 24, 03:15 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1222.00M | 366.00M | -477.00000M | -91.00000M | -167.97300M |
| Minority interest | - | - | - | - | - |
| Net income | 902.00M | 283.00M | -357.00000M | -62.00000M | -119.19700M |
| Selling general administrative | 97.00M | 82.00M | 35.00M | 99.00M | 129.81M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 2628.00M | 1295.00M | 61.00M | 753.00M | 455.59M |
| Reconciled depreciation | 507.00M | 450.00M | 410.00M | 710.00M | 452.18M |
| Ebit | 1568.00M | 898.00M | -602.00000M | 351.00M | -460.53200M |
| Ebitda | 2075.00M | 1348.00M | -192.00000M | 1061.00M | -8.35400M |
| Depreciation and amortization | 507.00M | 450.00M | 410.00M | 710.00M | 452.18M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 1568.00M | 898.00M | -602.00000M | 351.00M | 101.92M |
| Other operating expenses | 4779.00M | 3501.00M | 2881.00M | 3637.00M | 2668.99M |
| Interest expense | 182.00M | 243.00M | 267.00M | 293.00M | 292.56M |
| Tax provision | 320.00M | 83.00M | -120.00000M | -29.00000M | -48.77600M |
| Interest income | 291.00M | 212.00M | 3.00M | 112.00M | 589.50M |
| Net interest income | -178.00000M | -241.00000M | -264.00000M | -288.00000M | -292.55900M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 320.00M | 83.00M | -120.00000M | -29.00000M | -48.77600M |
| Total revenue | 6343.00M | 4397.00M | 2301.00M | 3976.00M | 2770.91M |
| Total operating expenses | 1064.00M | 399.00M | 641.00M | 414.00M | 353.67M |
| Cost of revenue | 3715.00M | 3102.00M | 2240.00M | 3223.00M | 2315.32M |
| Total other income expense net | -346.00000M | -532.00000M | 125.00M | -442.00000M | -269.89600M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 902.00M | 283.00M | -357.00000M | -62.00000M | -119.19700M |
| Net income applicable to common shares | 902.00M | 283.00M | -357.00000M | -62.00000M | -119.00000M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6898.00M | 7033.00M | 7593.00M | 7224.00M | 7866.00M |
| Intangible assets | 3.00M | 4.00M | 5.00M | 7.00M | 9.00M |
| Earning assets | - | - | - | - | - |
| Other current assets | 16.00M | 91.00M | 50.00M | 24.00M | 21.00M |
| Total liab | 2371.00M | 2650.00M | 3785.00M | 3718.00M | 4013.00M |
| Total stockholder equity | 4527.00M | 4383.00M | 3808.00M | 3506.00M | 3853.00M |
| Deferred long term liab | - | 8.00M | 8.00M | 8.00M | 12.00M |
| Other current liab | 94.00M | 61.00M | 92.00M | 135.00M | 157.00M |
| Common stock | 4845.00M | 5164.00M | 5486.00M | 5460.00M | 5443.00M |
| Capital stock | 4845.00M | 5164.00M | 5486.00M | 5460.00M | 5443.00M |
| Retained earnings | -531.00000M | -988.00000M | -1875.00000M | -2158.00000M | -1801.00000M |
| Other liab | - | 191.00M | 165.00M | 106.00M | 73.00M |
| Good will | - | - | - | - | - |
| Other assets | - | 187.00M | 534.00M | 602.00M | 480.00M |
| Cash | 160.00M | 192.00M | 361.00M | 114.00M | 206.00M |
| Cash and equivalents | - | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total current liabilities | 584.00M | 654.00M | 899.00M | 442.00M | 558.00M |
| Current deferred revenue | - | - | - | 106.00M | 80.00M |
| Net debt | 1223.00M | 1633.00M | 2667.00M | 3084.00M | 3198.00M |
| Short term debt | 15.00M | 20.00M | 307.00M | 28.00M | 22.00M |
| Short long term debt | - | 3.00M | 285.00M | - | - |
| Short long term debt total | 1383.00M | 1825.00M | 3028.00M | 3198.00M | 3404.00M |
| Other stockholder equity | 180.00M | 169.00M | 172.00M | 177.00M | 182.00M |
| Property plant equipment | - | 5889.00M | 6004.00M | 6118.00M | 6696.00M |
| Total current assets | 862.00M | 943.00M | 1050.00M | 497.00M | 681.00M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 4379.00M | 3803.00M | 3499.00M | 3844.00M |
| Short term investments | 14.00M | - | - | - | 18.00M |
| Net receivables | 451.00M | 475.00M | 482.00M | 263.00M | 361.00M |
| Long term debt | 1124.00M | 1578.00M | 2477.00M | 2912.00M | 3123.00M |
| Inventory | 235.00M | 185.00M | 157.00M | 96.00M | 93.00M |
| Accounts payable | 475.00M | 573.00M | 500.00M | 279.00M | 379.00M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 33.00M | 38.00M | 25.00M | 27.00M | 29.00M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 5460.00M | 5443.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 342.00M | 197.00M | 243.00M | 227.00M | 227.00M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 6036.00M | 6090.00M | 6543.00M | 6727.00M | 7185.00M |
| Capital lease obligations | 259.00M | 244.00M | 266.00M | 286.00M | 281.00M |
| Long term debt total | - | 1805.00M | 2721.00M | 3170.00M | 3382.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -354.00000M | -281.00000M | -189.00000M | -211.00000M | 851.08M |
| Change to liabilities | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total cashflows from investing activities | -354.00000M | -281.00000M | -189.00000M | -211.00000M | 851.00M |
| Net borrowings | -1348.00000M | -149.00000M | -168.00000M | -520.00000M | -1285.00000M |
| Total cash from financing activities | -1727.00000M | -165.00000M | -216.00000M | -523.00000M | -1283.69300M |
| Change to operating activities | 6.00M | -63.00000M | 69.00M | -118.00000M | 116.00M |
| Net income | 902.00M | 283.00M | -357.00000M | -62.00000M | -119.19700M |
| Change in cash | -169.00000M | 247.00M | -92.00000M | -112.00000M | -145.82700M |
| Begin period cash flow | 361.00M | 114.00M | 206.00M | 318.00M | 463.53M |
| End period cash flow | 192.00M | 361.00M | 114.00M | 206.00M | 317.70M |
| Total cash from operating activities | 1888.00M | 690.00M | 302.00M | 631.00M | 280.03M |
| Issuance of capital stock | 24.00M | 5.00M | 0.00000M | 1.00M | 1.16M |
| Depreciation | 507.00M | 450.00M | 320.00M | 710.00M | 452.18M |
| Other cashflows from investing activities | 22.00M | 6.00M | -46.00000M | -31.00000M | -35.00000M |
| Dividends paid | - | - | - | - | - |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | -382.00000M | 5.00M | 0.00000M | 1.00M | 1.16M |
| Other cashflows from financing activities | 9.00M | 771.00M | 1582.00M | -211.00000M | 851.08M |
| Change to netincome | 462.00M | 4.00M | -189.00000M | 258.00M | -191.00000M |
| Capital expenditures | 376.00M | 331.00M | 149.00M | 198.00M | 622.25M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 6.00M | -63.00000M | 69.00M | -118.00000M | 116.45M |
| Stock based compensation | 13.00M | -33.00000M | -15.00000M | 24.00M | 21.58M |
| Other non cash items | 140.00M | -33.00000M | 725.00M | 106.00M | -260.50100M |
| Free cash flow | 1512.00M | 359.00M | 153.00M | 433.00M | -342.21700M |
Sector: Energy Industry: Oil & Gas E&P
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MEG MEG Energy Corp |
0.27 1.12% | 24.30 | 14.04 | 11.75 | 1.25 | 1.47 | 1.26 | 5.41 |
| CNQ Canadian Natural Resources Ltd |
0.15 0.33% | 45.80 | 13.55 | 12.48 | 2.82 | 2.52 | 2.67 | 6.50 |
| TOU Tourmaline Oil Corp. |
0.80 1.16% | 69.53 | 14.42 | 10.96 | 5.30 | 1.64 | 4.12 | 6.49 |
| OVV Ovintiv Inc |
0.26 0.40% | 65.37 | 5.72 | 10.39 | 1.64 | 1.06 | 1.78 | 3.44 |
| ARX ARC Resources Ltd. |
0.02 0.07% | 26.92 | 11.94 | 9.67 | 2.92 | 1.91 | 3.07 | 5.55 |
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. It also transports and sells thermal oil in North America and internationally. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
Mail Room, Calgary, AB, Canada, T2P 0G5
| Name | Title | Year Born |
|---|---|---|
| Mr. Derek W. Evans B.Sc., P. Eng. | Pres, CEO & Director | 1957 |
| Ms. Darlene M. Gates | Chief Operating Officer | NA |
| Mr. Lyle S. Yuzdepski | Sr. VP of Legal, Gen. Counsel & Corp. Sec. | NA |
| Mr. Ryan M. Kubik C.A., CA, CFA | Chief Financial Officer | 1968 |
| Ms. Helen Kelly MBA | Director of Investor Relations | NA |
| Mr. David Michael Granger | VP HR | NA |
| Ms. Darlene M. Gates | CEO, President & Director | 1971 |
| Mr. Ryan M. Kubik C.A., CPA, CFA | CFO & Head of IR Group | 1968 |
| Mr. Lyle S. Yuzdepski | Senior Vice President of Legal & Corporate Development | NA |
| Mr. Thomas R. Gear | Senior Vice President of Production | NA |
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