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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

Post by Fuzman5902on Sep 16, 2021 11:58am
121 Views
Post# 33868660

The Price is Right

The Price is Right As Bob would say the Price is right B$tch...
Who doesn't love Happy Gilmore...lol

Anyway's back to reality.

With WCS trading in the $ 60 range meg is close to the 1 million $ a day of lost opportunities,    glass half empty

Glass half full is that they will have earings in the 1 million range. I've been trying to locate WCS price for Aug but can't seem to find it.

Maybe it hasn't been published yet? or i'm looking in the wrong places.

Further to my recent post 

Regardless the point being IF  oil prices didn't move from here, not only will the 2025 notes be taken care of the extra $ 125 million of Capex (this year & next) will be almost accounted for mid 2022.

Do we see a .30 $ a share Divedend starting in Q3 next year 


Clear Sailing Q3 2022. 

Regards Fuz




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