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 Jan 25, 2024 2:48pm

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Post# 35845615

WCS Is MOVING TOWARDS USD 60 Per Barrel

- this is the POINT WHERE MEG MAKES SERIOUS MONEY

- 2024 will be a DIFFERENT YEAR for MEG Energy in that there will be NO ONE LARGE 30 to 32 day TURNAROUND in May/June

- instead there will be a SERIES of SMALLER TURNAROUNDS PERFORMED during the year

- this will PREVENT BOP from TRENDING TOO LOW for an EXTENDED PERIOD OF TIME

- MEG IS WORKING BETTER and SMARTER to TAKE ADVANTAGE of HIGH PRICES should they OCCUR during the TURAROUNDS

* also, they DON'T RUN in the SHORTAGE of QUALIFIED SERVICE CONTRACT WORKERS DURING the TURNAROUNDS like they DID LAST YEAR during their MASSIVE SINGLE SPRING TURNAROUND and were FORCED to REVISIT in August 2023

z173

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