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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 jleer42on Dec 13, 2022 9:20am
206 Views
Post# 35168059

RE:RE:Keystone

RE:RE:Keystone The WCS spread is up because of transportation constraints. The outage is actually putting upward pressure on WTI, a good part of MEG's production is positively impacted by the Keystone outage. MEG does sell some of its oil in Edmonton and this oil is subject to the increased spread. End of the day it's a mixed bag, but MEG is not impacted a negatively as some Canadian producers.
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