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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 Nov 06, 2021 10:50am
261 Views
Post# 34095637

No Surprises Monday

No Surprises MondayShould see earnings in the 86 range & lost opportunities somewhere around 68

Oct started like gangbusters but with the blowout in differentials for Novenber @ least, my expectations have been lowered considerably.

Although I was hoping for a $10 increase from Q3, way to optomistic it would seem.

Differential hedges in the $15 range sure look good.right about now :)

Refinery turn arounds, high price of Nat Gas, + whatever else you can come up with.

Speaking of surpises I gather most people have seem market call by now.

Last time he was on a caller brought up meg & potential takeover & was shut down competely this time round he brings up ATH & tax pools & projects out to 2023. ?????
I smell something fishy.

Maybe there all smarter than I think, keep your job for a couple years, debt free get taken out for 1.8 B  ( fully dilluted) warrant holders triple their money. minus the 500 million, 37K per flowing barrel, expensive right now but maybe not in a couple years.

But what do I know?????

Regards Fuz



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