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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

Energy Oil & Gas Refining & Marketing
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

MEG Energy Corp
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Comment by Swanbhanon Apr 16, 2020 3:16pm
141 Views
Post# 30918174

RE:RE:Now for the strategic minds

RE:RE:Now for the strategic mindsEven Better:

Why do you think MEG bough time with debt. They have 600mill due in 2024 and 496 mill due in 2025.

in order for MEG to cut their debt in half and bring debt/EBITDA ratio in line with industry they need need oil prices to avg at $45+ (1096)/(4.25 years x 34.67 million bpd annual production assuming 95kbpd)~ $52.5WTI.


In other words they need oil prices to average $52.5WTI to bring down their debt. Is that possible. I say yes.
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