Post by
invest888123 on Nov 08, 2021 5:44pm
Market beat!
Wowww. 2022 going to be crazy year for meg. No hedges?! Also nice chuck of debt paid. During the quarter MEG redeemed US$100 million (approximately $125 million) of MEG's 6.5% senior secured second lien.
Comment by
CashHungry on Nov 08, 2021 5:50pm
No hedges for 22 which is fantastic, although I am still trying to dig to see if there is any disclosure on physical contracts they may have entered which are not hedges perse but have a dampening effect in high oil markets. Great production numbers.
Comment by
ziggy1410 on Nov 08, 2021 6:07pm
Guidance is raised , netbacks $ 37+....and Power Production a surprise positive revenue stream...I think management has the company hitting on all cylinders...Hedging strategy still has to be made clear for 2022....Oil is going higher next 6 months...
Comment by
Re1ndeer2 on Nov 09, 2021 9:17am
Power revenue offset energy operating costs by 43%, resulting in a net impact of $2.71 per barrel. Year to date, power revenue has offset approximately 60% of MEG's energy operating costs;....this is just a great CoGen Process..