Bullboard - Stock Discussion Forum 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... see more

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TSX:MEG - Post Discussion

MEG Energy Corp > WOW! MEG Is PAYING 28.3% ROYALTY In Q4/2023: $ 186 M

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Post by ztransforms173 on Feb 29, 2024 6:47pm

WOW! MEG Is PAYING 28.3% ROYALTY In Q4/2023: $ 186 M

Q4/2023:

($ millions)

Bitumen realization: 806

Transportation and storage expense: (148)

Bitumen realization after net transportation
and storage expense: 658

Royalties: 186

Effective royalty rate: 28.3 %

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- the ROCKING GOOD TIMES PAYING MINIMAL ROYALTIES {less than 8.5%} are DEFINITELY OVER but so is the HIGH-RISK NATURE of MEG Energy

z173

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