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 > FOR SURE, MEG Is BUYING BACK Shares TODAY !!!???!!!

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Comment by Fuzman5902on May 10, 2022 4:29pm

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Post# 34671895

RE:RE:FOR SURE, MEG Is BUYING BACK Shares TODAY !!!???!!!

No doubt Q2 will be interesting with WTI averaging 102, 103 for the quarter. I'm thinking April came

in around 180 M with the turnaround starting late April.

May will be tough to call with production curtailed in excess of 60% & a significantly higher Capex.

If June is good they could see fcf in excess of 200M.

So yes they might see 400M in fcf for the Quarter but's it's not going to be easy.

Royalties should be similar with higher prices but lower production.

Diluent cost will be decreased per barell as C5+ is now trading @ a discount.

Hopefully I'll get a nice surprise & they come in north of 400M.

Regards

Fuz

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