MEG Energy Corp
TSX:MEG

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MEG Energy Corp
TSX:MEG
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Price: 23.04 CAD -0.52%
Market Cap: 6.1B CAD
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MEG Energy Corp
Investor Relations

MEG Energy Corp., a prominent player in Canada's oil sands sector, operates with a keen focus on innovation and sustainability. Founded in 1999, and headquartered in Calgary, Alberta, the company has carved out a strong niche in the in-situ recovery of bitumen through its proprietary Steam-Assisted Gravity Drainage (SAGD) technology. This method involves injecting steam into underground reservoirs to liquefy bitumen, making it easier to extract. Unlike traditional mining, SAGD is less invasive and more efficient, aligning with MEG's commitment to balancing energy production with environmental stewardship. The Christina Lake Project, their flagship asset, stands as a testament to their operational expertise, showcasing high production levels alongside a concerted effort to minimize greenhouse gas emissions and water usage.

Financially, MEG Energy generates revenue through the production and sale of bitumen, which is subsequently processed into crude oil. This crude is then marketed across North America and internationally, contributing to diversified revenue streams. The company employs sophisticated hedging strategies to manage price volatility in the oil markets, a crucial element in maintaining financial stability. MEG's focus on innovation also extends to its cost management practices, constantly seeking ways to reduce operational costs and enhance profit margins. In navigating the cyclical nature of the oil industry, MEG Energy continues to leverage its technological advantage and operational discipline to create shareholder value while consciously addressing the environmental impacts of its operations.

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Management

Ms. Darlene M. Gates
CEO, President & Director
No Bio Available
Mr. Ryan M. Kubik C.A., CPA, CFA
CFO & Head of IR Group
No Bio Available
Mr. Lyle S. Yuzdepski
Senior Vice President of Legal & Corporate Development
No Bio Available
Mr. Thomas R. Gear
Senior Vice President of Production
No Bio Available
Mr. Jim Campbell
Vice President of Communications & External Relations
No Bio Available
Mr. Garth C. Castren
Vice President of Corporate Development & Strategy
No Bio Available
Mr. Erik Alexander Alson
Senior Vice President of Marketing
No Bio Available
Mr. David Michael Granger
Senior Vice President of Human Resources
No Bio Available

Contacts

Address
ALBERTA
Calgary
600 - 3rd Avenue S.W., 21st Floor
Contacts
+14037700446.0
www.megenergy.com