MEG Energy Corp
TSX:MEG

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MEG Energy Corp
TSX:MEG
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Price: 23.27 CAD 1%
Market Cap: 6.1B CAD
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MEG Energy Corp
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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MEG Energy Corp
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
MEG Energy Corp
TSX:MEG
Tax Provision
-CA$166m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
-6%
Canadian Natural Resources Ltd
TSX:CNQ
Tax Provision
-CA$1.8B
CAGR 3-Years
-10%
CAGR 5-Years
N/A
CAGR 10-Years
-16%
Crescent Point Energy Corp
TSX:CPG
Tax Provision
-CA$253.7m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
ARC Resources Ltd
TSX:ARX
Tax Provision
-CA$374.8m
CAGR 3-Years
-138%
CAGR 5-Years
N/A
CAGR 10-Years
-13%
Tourmaline Oil Corp
TSX:TOU
Tax Provision
-CA$468.3m
CAGR 3-Years
-22%
CAGR 5-Years
-81%
CAGR 10-Years
-15%
No Stocks Found

MEG Energy Corp
Glance View

Market Cap
6.2B CAD
Industry
Energy

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.

MEG Intrinsic Value
34.98 CAD
Undervaluation 33%
Intrinsic Value
Price

See Also

What is MEG Energy Corp's Tax Provision?
Tax Provision
-166m CAD

Based on the financial report for Sep 30, 2024, MEG Energy Corp's Tax Provision amounts to -166m CAD.

What is MEG Energy Corp's Tax Provision growth rate?
Tax Provision CAGR 10Y
-6%

Over the last year, the Tax Provision growth was 5%.

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