MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

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

Bullboard Posts

Comment by Duxingon May 07, 2019 7:51am

134 Views

Post# 29718343

RE:without hedge

You don’t understand how hedging contracts are valued? Even it booked a huge 209m loss on hedging contracts value, it is the total value depreciation of all future contracts, and it changes everyday following daily oil price and have no actual impact to current quarter cash flow. Only the realized 21m has real impact to Q1 cash flow. If exit oil price on June 30 is lower than on March 31, MEG will record a hedging contract again next quarter, but again it will have no impact on cash flow.

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle