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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

Energy Oil & Gas Refining & Marketing
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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  • ztransforms173X
Post by ztransforms173on Nov 27, 2024 2:54pm
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Post# 36334173

CONFIRMED: AWB Is BASELOAD FEEDSTOCK To COMPLEX Refineries

CONFIRMED: AWB Is BASELOAD FEEDSTOCK To COMPLEX Refineries- Erik Alson, SVP of Marketing; MENTIONED this in the November 26, 2024 Business Update CC

- NOT ONLY for the world's COMPLEX [able to PROCESS HEAVY SOUR crude oil] refineries PRODUCING MOTOR FUELS BUT also PROVIDING PRIMARY FEEDSTOCK to the ATTACHED HUGE PETROCHEMICAL FACILITIES {mostly for PLASTICS} 

- the MASSIVE COMPLEX refineries in China & India have TAKEN a STRONG LIKING to Acccess Western Blend (AWB) as they RUN IT THROUGH their INSTALLATIONS

* this is WHY the WCS/AWB PRICE DIFFERENTIAL has NARROWED from the HISTORICAL USD 2+ per barrel {price discovery from the LARGE US COMPLEX refineries in TX and LA} to the present USD 1+ per barrel

z173

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