MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company owns a 100% interest in approximately 410 square miles of mineral leases. It also develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally. As of December 31, 2021, it had approximately 2.0 billion barrels of gross proved plus probable bitumen reserves at the Christina Lake Project. The company was incorporated in 1999 and is headquartered in Calgary, Canada.
P/E ratio for MEG Energy Corp. (MEG.TO)
P/E ratio as of 2023: 11.88
According to MEG Energy Corp.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.88. At the end of 2022 the company had a P/E ratio of 6.35.
P/E ratio history for MEG Energy Corp. from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 11.88 |
| 2022 | 6.35 |
| 2021 | 12.65 |
| 2020 | -3.76 |
| 2019 | -35.64 |
| 2018 | -19.13 |
| 2017 | 9.22 |
| 2016 | -4.86 |
| 2015 | -1.54 |
| 2014 | -41.37 |
| 2013 | -40.80 |
| 2012 | 113.88 |
| 2011 | 125.22 |
| 2010 | 201.35 |
| 2009 | 95.06 |
| 2008 | -24.40 |
| 2007 | 59.37 |