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.

TSX:MEG - Post by User

MEG Energy Corp

<< Previous

Bullboard Posts

Next >>

Post by drunk@noonon Jul 08, 2022 6:29pm

244 Views

Post# 34812204

mrBB- A strong US dollar helps, not hurts us. $100+ cdn

is what we get for wcs/AWB. Q! AWB avg 77.94, and WCS avg 79,76 US. These netbacks were good enough for 2 billioin a year annualized freecash flow run rate. Thus $ 1 Billion in free cashflow for the second half of the year, if prices remain at these levels, AND THE STRONER US DOLLAR HELPS.

<< Previous

Bullboard Posts

Next >>

Who, why, and what of the great "Crypto Surge"