Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > To hedge or not to hedge

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Post by filefish on Aug 13, 2021 6:07pm

To hedge or not to hedge

That is the question.
MEG has about 1/3 of its production hedged thru the end of this year.
With all the uncertainties - economic, pandemic, and political, wouldnt it be advisable for them to reduce their oil price risk for the next 6-12 months with some very decent prices over $65WTI at this time?

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Comment by Eigen337 on Aug 13, 2021 7:26pm

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Comment by downwithdotcom1 on Aug 17, 2021 10:14am

..i don't get it..re: new hedges..BANKsters basically FORCED producers like MEG to take on these (now) money losing hedges back in 2019 etc..i think NUTTAL even made a generic comment on industry hedges " don't blame the producers, BLAME THE BANKS " but now is different - WHATS WRONG WITH TAKING ON WTI HEDGES on $70 USD and/or parallel WCS above $60 USD pricing?? I mean, you' ...more

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Comment by Eigen337 on Aug 17, 2021 11:47am

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Comment by downwithdotcom1 on Aug 17, 2021 4:29pm

EIGeN, your comments were BOTH RUDE & IGNORANT!!!! and exactly how are MEG"s 2021 hedges working out??? were you born STUPID or just raised that way??? dwdc

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