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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

Post by cashtango00on Nov 21, 2022 7:42am
289 Views
Post# 35114641

Nuttall's models look great

Nuttall's models look greatHe called for 150 oil in 2022, then 125, then 100, now its 100 in 2023.  His WCS spread model was 10 bucks that he seems to have recently moved to 15......as it sits at 30.  

Then he called MEG for 40 last year, so we are half that at year-end.  He's still calling for 40 next year now.  Please explain to me why anyone listens to this clown.  the majority of analysts are calling on MEG mid '20s for 2023 with WCS spread at 18-20 and WTI 80-90.  Seems a lot more realistic....
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