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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 perstrudenton Jun 14, 2022 11:32am
215 Views
Post# 34755164

RE:RE:Q2

RE:RE:Q2..but with wti averaging 15..maybe even toward 20 by end of wuarter higher than Q1..the corresponding increase in netbacks should result fairly close results to q1...Im guessing 400 million fcf...

if they dont announce more share buybacks debt is going to be much closer to 1.2 billion target..may hit in August..rather than late September
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