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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

Energy Oil & Gas E&P
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 transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.


TSX:MEG - Post by User

MEG Energy Corp > RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
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Comment by ztransforms173on Oct 15, 2023 10:58am
178 Views
Post# 35684261

RE:RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024

RE:RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
vwbusman - (10/15/2023 7:50:16 AM)
 
RE:RE:RE:RE:RE:RE:RBC Greg Pardy SEES MEG OUTPRICING CVE In 2024
 
Not sure how your math works on that

***

- first of all, those are RBC's GREG PARDY PROJECTIONS and NOT mine

- I ALREADY STATED that the WORKING CAPITAL of MEG will SHIFT to HIGHER ACCOUNTS RECEIVABLES so the $ 314 million NET DEBT REPAYMENT (Pardy FORECAST with  ZERO change in working capital) is NOT REALISTIC

- Q2/2023 framework {same rough ratios} is USELESS since ABB prices in Q3/2023 are SUBSTANTIALLY HIGHER

- the BOTTOM LINE is that MEG will have MUCH HIGHER adjusted funds flow in Q3/2023 than Q2/2023

* the ANTICIPATED $ 372 million in FREE CASH FLOW (?) will be SPREAD between share buybacks, debt repayments, cash balances and accounts receivables and inventories

- NO MATTER WHERE the CASH LANDS, MEG Energy shareholders SHOULD BE HAPPY as the company gets STRONGER

z173

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