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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MEG Energy Corp

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Post by ztransforms173on May 23, 2023 12:31pm

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Post# 35460409

MEG Becoming Very Free Cash Flow Positive Again

- today, WCS is USD 60+ /bbl. (the WTI/WCS price differential is lower than USD 13/bbl.)

- F/X is a mouth-watering USD 0.74+ per C $

- the Christina Lake turnaround should be completed within the next ten (10) days if everything went according to the plan

- BOP should be at least 105,000+ bbls/d within 30 days of restart after turnaround

z173

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