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.

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MEG Energy Corp > $5 a barrel? 8? What is a good amount to reconcile the diff

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Comment by CashHungryon Nov 09, 2021 3:10pm

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Post# 34106247

RE:$5 a barrel? 8? What is a good amount to reconcile the diff

To answer your question another way...

WTI:AWB spread will be a little larger than the WTI:WCS because AWB is a more sour blend. I saw one report that the spread was about $2 at the gulf over a quarterly period.

With regards to removing the dilutent and comparing the realized Bitumen price to WCS makes no sense since WCS also contains blended products which would be specific to each producer.

But if you really want to know regardless, subtract the dilutent cost per barrrel - I believe between $9 and $10 - the precise figure is in the last earnings report, and then subtract a further $2 for the reason I mention above.

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