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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. 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

Bullboard Posts
Post by shambano1on Dec 15, 2016 9:28am
118 Views
Post# 25603417

ATH purchase of thermal assets

ATH purchase of thermal assets
  • Attractive acquisition metrics of about $24,000 per bbl per day, about 5.8 times price to cash flow and about 68 cents per bbl of proven plus probable reserves;
  • Highly accretive to 2017e and 2018e cash flow and reserves per share;
  • Ownership of strategic infrastructure, including egress optionality for market access.

this deal might have a bearing on MEG's current valuation since Statoil is selling it's CND thermal assets.

You can decide if these valuations are positive or negative for MEG?

ATH seems to havbe received a very good deal for long term growth and CF growth
Bullboard Posts