Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 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

Bullboard Posts
Post by shambano1on Nov 22, 2016 3:47pm
55 Views
Post# 25497901

interesting chart for MEG

interesting chart for MEG
shares out daily production per flowing barrel value per share enetrprise value
 225,000,000             83,000      50,000 6.444444444  6,250,000,000
 225,000,000             83,000      55,000 8.288888889  6,665,000,000
 225,000,000             83,000      57,500 9.211111111  6,872,500,000
 225,000,000             83,000      65,000 11.97777778  7,495,000,000
         
         
 245,000,000            100,000 50000 9.387755102  7,100,000,000
 245,000,000            100,000 55000 11.42857143  7,600,000,000
 245,000,000            100,000 57500 12.44897959  7,850,000,000
 245,000,000            100,000 65000 15.51020408  8,600,000,000

it would  seem by my calculations that MEG is worth approximatley 1 billion more in enterprise value if they issue 20 million more shares and increase capital and raise produciton to 100,000 in 2017.

the per share values are really noticable and are 3 dollars more in the various ranges, so it makes perfect sense for MEG to issuse 20 million new shares be they a secondary or private placement to the big shareholders and increase produciton with their  the application of eMSAGP in 2017 and 2018.  

I think I'm using lower produciton numbers than can acutally be achieved.

and I have not taken into account lowering cossts and increaes in CF, just based obn value per flwoing barrel.

now I would really be impressed is they sign a JV or issue shares privately at higher prices, like 7 or 7.50.

GLTA
Bullboard Posts