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Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF


Primary Symbol: T.MEG

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It... see more

Bullboard (TSX:MEG)

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Post by uwebb429on Nov 15, 2023 1:52pm

Dennis da Silva's Top Picks - MEG

https://www.bnnbloomberg.ca/market-call/dennis-da-silva-s-top-picks~2808484
Comment by ztransforms173on Nov 13, 2023 1:40pm

RE:Chinese & Spanish Refineries REPLACING CAN With VZ HEAVY Oil

retry: https://www.argusmedia.com/en//news/2507954-venezuela-could-displace-canadian-crude-reexports?backToResults=true z173
Post by ztransforms173on Nov 13, 2023 1:38pm

Chinese & Spanish Refineries REPLACING CAN With VZ HEAVY Oil

- MEG Energy's Access Western Blend (AWB) IN THE MIX *** Venezuela could displace Canadian crude re-exports Published date:09 November 2023   Two key buyers of ...more  
Post by ztransforms173on Nov 08, 2023 2:06pm

CC: MEG Must INVEST 160,000 AWB Barrels In TMX LINEFILL

- MEG Energy MUST PROVIDE 160,000 barrels of ACCESS WESTERN BLEND (AWB) barrels to TMX Pipelines in Q1/2024 BEFORE they are CAPABLE of TRANSPORTING their CONTRACTED 20,000 bbls/d blended bitumen ...more  
Post by ztransforms173on Nov 08, 2023 1:45pm

CC: PLANNNG A +15K BOP EXPANSION Subject To BOD APPROVAL

- $ 300 million GROWTH CAPEX in 2024-2026 - $ 100 miilion PER YEAR - MAX BOP goes from the PRESENT 110,000 to 125,000 bbls/d in 2026 {three year project between facilities, drilling and STEAMING} - ...more  
Post by vwbusmanon Nov 08, 2023 6:52am

more debt paid

Nov 6th, another chunk of debt paid off - keep it up MEG Filed 2023-11-07 11:31   Tx date 2023-11-06 $MEG MEG Energy Corp. MEG ...more  
Post by ztransforms173on Nov 06, 2023 6:57pm

WHERE Did the $ 409 Million GO ?

- besides DEBT REDUCTION and SHARE BUYBACKS: ($ millions)        6/30/2023        9/30/2023       CHANGE CASH:         ...more  
Post by ztransforms173on Nov 06, 2023 6:27pm

NICE: AWB Is ONLY USD 1.47/Bbl. CHEAPER Than WCS @ Edmonton

Q3/2023: Access Western Blend (AWB): (USD per barrel) AWB @ Edmonton:   67.88 AWB @ USGC:   77.32 z173
Post by ztransforms173on Nov 06, 2023 6:16pm

Q3/2023 EFFECTIVE Royalty Rate POST-PAYOUT Status: 22.9%

($ millions) bitumen realization after net transpotrtation and storage expense: 792 royalties: 181 EFFECTIVE ROYALTY RATE: 22.9% z173
Comment by ztransforms173on Nov 06, 2023 5:57pm

RE:WOW ! Power Revenues GREATER Than Energy (NG) Costs In Q3

POWER REVENUES in Q3/2023: $ 32 million - so MEG is spending LESS than $ 32 million in Q3/2023 on NATURAL GAS (NG) to provide the FEEDSTOCK to the 170 MW CO-GENERATION {steam + electricity} plants ...more  
Post by ztransforms173on Nov 06, 2023 5:39pm

WOW ! Power Revenues GREATER Than Energy (NG) Costs In Q3

- FIRST TIME I EVER SEE this happen at MEG Energy ! Power revenue exceeded energy operating costs in the third quarter of 2023 generating a $0.04 per barrel net recovery relative to a  ...more  
Post by ztransforms173on Nov 06, 2023 5:30pm

ROYALTIES @ $ 181 million and SALES @ USGC @ 73%

The Corporation's Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation in the second quarter of 2023. The resulting royalty rate increase raised ...more  
Post by ztransforms173on Nov 06, 2023 5:21pm

FCF BEAT/BOP BEAT: Free cash flow ("FCF") of $409 million

Third quarter 2023 highlights include:   Funds flow from operating activities ("FFO") and adjusted funds flow ("AFF") of $492 million, or $1.71 per share. Year-to-date FFO ...more  
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