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.

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MEG Energy Corp

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Post by ztransforms173on Oct 31, 2023 4:18pm

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Post# 35709956

Q3/2023 Average Prices: WTI: USD 82.26/Bbl. NG: C $ 2.76/Mcf

- so WCS @ ~ USD 69 per barrel

- which means that ABB is ~ USD 67 per barrel (?) @ EDMONTON but MEG sells ~ 2/3 of their BOP at the US Gulf Coast and then there is the ~ USD 9 per barrel in TRANSPORT PIPELINE COSTS to go from Chistina Lake AB to Houston TX

- so a GREAT QUARTER from a HIGH DILUTED BITUMEN PRICE REVENUES and LOW NATURAL GAS PRICE EXPENSES point of view

- so I am EXPECTING one of their TOP 5 QUARTERS in the company's HISTORY

- BOP at 102-103K bbls/d ?

z173

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This junior mining stock offers billions in market exposure