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

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Post by ztransforms173on Nov 27, 2023 10:03pm

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Post# 35755517

MEG GUIDING Q3/2024 As 100% RETURN To Shareholders Framework

Under a US$75/bbl WTI oil price, MEG anticipates it will achieve its US$600 million long-term net debt target around the third quarter of 2024 and conclude its multi-year financial risk reduction strategy. The improved balance sheet and strong operating performance provides confidence to: