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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Comment by alwaysmovingon Dec 09, 2022 1:26pm

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Post# 35162153

RE:RE:RE:RE:Over

EPS should be about 1.8 on a full year at $70 oil, and even at $70 oil MEG still produces slightly over 10% FCF. No matter how you slice it, a $20 valuation is fair even at $70 oil. Shares are selling at a discount. As a long term investor you need to decide is the market anticipating long term WTI at below $70 oil, or are shares just oversold due to overblown fears... I'd say shares are oversold

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