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MEG – MEG Energy Corp

Not Compliant

—X—

MEG Energy Corp is not compliant with Shariah. The company’s financials fail all the five standards we check against.

$4,759,411,685

Market cap

52.64%

Revenue Growth

BUY

Analysts' Rating

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Recommendation Rating

2.29

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 19.64

Low: 14.92

High: 26.71

Total Analysts: 6

Company Profile

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.

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