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Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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 ztransforms173on Jul 28, 2023 10:45am

MEG Is PLAYING IT SAFE: NO BOP Expansion Until USD 600M Debt

- MEG CEO Derek Evans was CRYSTAL CLEAR in Q2/2023 CC: * there will be NO BOP EXPANSION greater than the FACILITIES LIMIT of 110,000 bbls/d UNTIL MEG Energy has REACHED their NET DEBT MILESTONE of ...more  
Post by ztransforms173on Jul 28, 2023 10:30am

Largest In-Depth TURNAROUND In MEG's History

- cost: $ 66 million from Q2/2023 CC: COO: - 220,000 man-hours of labor utilized - BOP PENALTY in LOST production of 20,000 bbls/d for Q2/2023 - did NOT complete ALL the WELL TIE-INS during major ...more  
Post by Betteryear2on Jul 28, 2023 5:35am

Conference Call

A conference call will be held to review MEG's second quarter 2023 operating and financial results at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) on July 28, 2023. To ...more  
Post by Betteryear2on Jul 28, 2023 5:34am

second quarter 2023 financial and operating results T.MEG

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are ...more  
Comment by ztransforms173on Jul 27, 2023 6:02pm

RE:Chistina Lake: Now In POST PAYOUT Royalty Status

Q2/2023 royalty payments: -  $ 58 million - $ 7.69 per BITUMEN barrel at BOP SALE of 83,531 bbls/d Q2/2023: Bitumen realization after net transportation and storage expense: $ 438 million ...more  
Post by ztransforms173on Jul 27, 2023 5:36pm

50/50 Returns Framework Is RIGHT ON TARGET For Q1 & Q2

Debt Repurchases and Share Buybacks The $129 million of second quarter 2023 FCF was primarily used for debt repurchases and share buybacks. The Corporation repurchased US$40 million (approximately ...more  
Comment by ztransforms173on Jul 27, 2023 5:29pm

RE:Chistina Lake: Now In POST PAYOUT Royalty Status

The Corporation's Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation during the second quarter of 2023 resulting in an increase in the effective royalty ...more  
Post by ztransforms173on Jul 27, 2023 5:21pm

Chistina Lake: Now In POST PAYOUT Royalty Status

Second quarter 2023 highlights include: Bitumen production of 85,974 barrels per day ("bbls/d") at a 2.25 steam-oil ratio ("SOR") reflecting the impact of the major planned ...more  
Post by ztransforms173on Jul 21, 2023 11:40am

WTI/WCS Price Differential Hits BUMP In September Contract

- WTI/WCS Price Differential for September 2023 CLOSE on Thursday, July 20, 2023: * NEGATIVE USD 15.50 per barrel - seems to  have WIDEN by ~ USD 3/bbl. from the August 2023 WTI futures ...more  
Post by parchegon Jul 19, 2023 2:05am

Question for the board

Beccuase I am dumb and look only to O&G cos. paying divvies, and NOT ot a holder of MEG (my neighbour is, as he was an employee and got in at around $5/share),  I  was wondering: with ...more  
Comment by Canoutchieon Jul 11, 2023 3:03pm

RE:RE:RE:Nuttall inflates his free cashflow metrics for his favorites

Thanks. I just went online to watch the same interview.  Gotta love how the host, Amber Kanwar, was rolling her eyes at some of Smead's predictions, but maybe that's purely because she ...more  
Comment by tmmy522on Jul 09, 2023 3:55pm

RE:Nice moves recently....

I bought into Meg over a year and a half ago, and I have been hearing about a possible takeover ever since
Post by matt2018on Jul 08, 2023 9:51pm

Nice moves recently....

After this 5% gain Friday, MEG not that far away from its 52 week high. Not many of the other Energy companies in similar position.  Actually, many not that far off from their 52 week lows. You ...more