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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 Jul 21, 2023 11:40am
332 Views
Post# 35551573

WTI/WCS Price Differential Hits BUMP In September Contract

WTI/WCS Price Differential Hits BUMP In September Contract
- WTI/WCS Price Differential for September 2023 CLOSE on Thursday, July 20, 2023:

* NEGATIVE USD 15.50 per barrel

- seems to  have WIDEN by ~ USD 3/bbl. from the August 2023 WTI futures contract 

- this is BAD news for the PURE-PLAY diluted bitumen producers like MEG as GROSS MARGINS for Access Western Barrels (AWB) will be COMPRESSED

- many people including the MEG CEO were hoping for a NEGATIVE 10 USD/bbl. WTI/WCS Price Differential TRENDING into 2024 for various reasons 

- will see how it PLAYS OUT in the next five months

z173

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