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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

Comment by CashHungryon Nov 29, 2021 6:40pm
157 Views
Post# 34177860

RE:CONFIRMED: NO WTI + NO WTI/WCS PD HEDGES In 2022 !!!

RE:CONFIRMED: NO WTI + NO WTI/WCS PD HEDGES In 2022 !!!What is interesting is that they hedged their input costs but not their product.  What this signifies is that they anticipate a much higher oil prices next year, but have based their forecasting on today's beaten up oil price of $70.  At $70 they would generate around $750 of FCF, but I think a more realistic FCF expectation would be 1.25 billion at an oil price of around $80.  I am sure this is what they are expecting as well.






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