MEG Energy Corp MEGEF

Primary Symbol: T.MEG

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 > Eric Nutttall 'SEES' 2% BASE DIVIDEND For MEG On DEBT TARGET

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Comment by ztransforms173on Apr 25, 2024 10:01am

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Post# 36006952

RE:RE:RE:RE:RE:Eric Nutttall 'SEES' 2% BASE DIVIDEND For MEG On DEBT TARGET

- they hace PLENTY of BITUMEN RESERVES

- Christina Lake, BY ITSELF; 'COULD' GO UP TO 210,000 bbls/d from the PRESENT 110,000 bbls/d

- they 'NEED' to GROW to INTERNALIZE and INTEGRATE their HIGH-VALUE COST STRUCTURE

- this means GETTING OWNERSHIP and CONTROL of their HIGH-COST INPUTS, namely; DILUENTS (CONDENSATES) and NATURAL GAS

- they DO TRY TO LOCK IN these INPUT COSTS by HEDGING and IMPORTING ~1/2 of their DILUENT REQUIREMENTS from the CHEAPER TEXAS SOURCE

- UNFORTUNATELY for MEG; NG and CONDENSATE prices are HEADING STRUCTURALLY HIGHER

- this is WHY, it is BENEFICIAL for MEG TO ACQUIRE a HIGH-CONDENSATE NG PRODUCER before the PRODUCT PRICES GAIN TRACTION

- Suncor Energy is IN THE SAME POSITION as MEG Energy

z173

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