MEG Energy Corp
TSX:MEG

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MEG Energy Corp
TSX:MEG
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Price: 23.15 CAD 0.48%
Market Cap: 6.1B CAD
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Operating Margin
MEG Energy Corp

15.7%
Current
20%
Average
12.3%
Industry

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
15.7%
=
Operating Profit
857m
/
Revenue
5.4B

Operating Margin Across Competitors

Country CA
Market Cap 6.2B CAD
Operating Margin
16%
Country US
Market Cap 125.1B USD
Operating Margin
25%
Country CN
Market Cap 807B CNY
Operating Margin
44%
Country US
Market Cap 68B USD
Operating Margin
37%
Country CA
Market Cap 91.7B CAD
Operating Margin
28%
Country US
Market Cap 46.5B USD
Operating Margin
47%
Country US
Market Cap 46B USD
Operating Margin
34%
Country US
Market Cap 40B USD
Operating Margin
36%
Country AU
Market Cap 46.5B AUD
Operating Margin
38%
Country US
Market Cap 25.8B EUR
Operating Margin
58%
Country US
Market Cap 27.2B USD
Operating Margin
8%
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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 34%
Intrinsic Value
Price
What is Operating Margin?

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
15.7%
=
Operating Profit
857m
/
Revenue
5.4B
What is the Operating Margin of MEG Energy Corp?

Based on MEG Energy Corp's most recent financial statements, the company has Operating Margin of 15.7%.