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MEG Energy was founded in 1999 as McCaffrey Energy Group Inc by CEO and President Bill McCaffrey, Director and Corporate Secretary David Wizinsky and former Director Steve Turner. It went public with an IPO of $660 million in August 2010. At the time it was considered a $9.7 billion equity cap company. The Christina Lake project first received approval from the government in 2008, it was one of six oil megaprojects in Canada that year.
April 14, 2005 - CNOOC Ltd, China's 3rd biggest oil and natural gas company purchased a 16.69% interest in MEG Energy for $C150 million .
