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 > MEG Expects To Pay A Staggering 20+% Royalty Rate in Q2/2023

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Comment by wkrpradioon Jun 06, 2023 8:09pm

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Post# 35483489

RE:MEG Expects To Pay A Staggering 20+% Royalty Rate in Q2/2023

ztransforms173 wrote:
- POST-PAYOUT is expected to be triggered this quarter (Q2/2023)

- in the May 2023 Investor Presentation, they guided a 25% royalty rate on the following assumptions:

* WTI: USD 80/bbl.

* WTI/AWB Price Differential at Edmonton: USD 18.50/bbl.

* F/X: USD = 1.32 C$ {.7576}

- presently:

** WTI: ~ USD 68/bbl.

** WTI/WCS Price Differential at Edmonton: USD 13.90/bbl. [ 5/30/2023 July 2023 contract close]

** F/X USD 0.7372 = 1 C$

- that is a lot of previous FREE CASH FLOW going to the Alberta Treasury coffers

z173