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.

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MEG Energy Corp > Keystone

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Comment by cashtango00on Dec 13, 2022 10:53am

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Post# 35168395

RE:RE:RE:Keystone

With all due respect, the Keystone issue is definitely a negative for MEG, not for transportation issues as others are, but because of the increased WCS spread. The minimal effect it may have on WTI is dwarfed by the negative WCS factor which is large. For every $ 1 increase in the spread, MEG loses 45m cash flow. That's substantial for a company this size

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