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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.


TSX:MEG - Post by User

MEG Energy Corp
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Post by ztransforms173on Jun 08, 2023 11:08am
521 Views
Post# 35486475

COMPRESSED WTI/WCS PDs Has Enabled MEG To Do Buybacks

COMPRESSED WTI/WCS PDs Has Enabled MEG To Do Buybacks
- June 7, 2023 WTI/WCS Price Differential (PD) July 2023 WTI contract CLOSE:

- USD 11.75 per barrel

- they did both decent share buybacks in May and ~ USD 6.7 million 2027 7.125% Notes buyback on June 5, 2023

- BOP should be well on it's way to RAMP UP to 105K+ bbls/d in early July

z173

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