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

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Post by ztransforms173on May 02, 2024 5:14pm

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Post# 36020433

CNQ COPYING MEG MARKETING STRATEGY To US Gulf Coast

from CNQ Q1/2024 NR:

The Company continues to evaluate and implement opportunities to maximize netbacks through the diversification of sales and optimized blending and transportation options through diverse market access. Canadian Natural has optionality for crude oil exports, including the following pipeline commitments:
- In Q1/24, the Company increased its commitment on Flanagan South by 55,000 bbl/d to 77,500 bbl/d, further expanding the Company’s heavy oil diversification and market access to the United States Gulf Coast (“USGC”).
- 94,000 bbl/d on Trans Mountain Expansion (“TMX”) pipeline that creates additional crude oil market diversification opportunities on the west coast, both by land and by water.
- 10,000 bbl/d on the Base Keystone Pipeline, with direct access to the USGC.