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.

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MEG Energy Corp > Really? $96M in FCF.

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Comment by Chris007on Jul 22, 2021 6:48pm

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Post# 33592630

RE:Really? $96M in FCF.

Well, I guess thats just the effect of hedging a signifcant amount of production at mid 40s WTI...

Nuttall's charts assume production is unhedged...basically all the companies on the chart would look a heck of alot different if he factored in hedges, other than the big boys like CNQ and SU, which don't hedge

Cheadle12 wrote: 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.