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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

Post by Fuzman5902on Nov 03, 2022 11:23am
497 Views
Post# 35069784

Meg by the Numbers

Meg by the NumbersA couple of banks have guestimated cash flow in the 490 range suggesting fcf in the 400M range using 100K production.

With production in July 96.5 Aug in the 99 range theres not a hope in hell they will achieve an average of 100K a day 99 if their lucky. 

My guess is 392 which might be a little on the light side due to power sales.

Although things can change a lot in the next coule of months fcf for Q4 is shaping up to be 15% less than Q3.

Depending on how Dec plays out & if my numbers are somewhat accurate fcf for they year should come in around $5.25  a share, Not what I was hoping for but not to shabby.


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