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 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 > Really? $96M in FCF.

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Post by Cheadle12on Jul 22, 2021 6:08pm

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Post# 33591720

Really? $96M in FCF.

Expected much more.

Seems like Nutal needs to update his charts, at best this is a 15% FCF yield story and that's on Market Cap. Add in the debt and it's much much lower.

MEG is always a 'next quarter, next year' story it seems.. probably should get taken out by Suncor or another major.

Dissappointing quarter given all the hype.

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