Bullboard - Stock Discussion Forum 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... see more

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MEG Energy Corp > Nuttall is making things up when he talks about 20% free

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Post by drunk@noon on Mar 26, 2023 8:06am

Nuttall is making things up when he talks about 20% free

cashflow yeild at 70 wti. Company's latest presentation has them down for 700 mill free cashfllow at *80 dollar Wti. That's 12.5 %,. Dude's a shameful shame and BNN has him as a market call guest every 4 weeks.

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Comment by jleer42 on Mar 26, 2023 12:57pm

It lies, damn lies, and statistics. You need to look at the base assumptions going into the cash flow assumptions. Looking just at WCS discount, MEG's presentation uses $23USD discount, it is currently around $15. If Eric used $15, the change per MEG's sensitivity analysis is a $360M increase in FCF. Other assumptions such as gulf coast discount, exchange rate are also better now than MEG& ...more

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