Post by
jack4567 on Jun 14, 2022 10:05am
Q2
It doesn't seem too early to speculate that Q2 will be another stellar quarter for MEG, given that average WTI price over the quarter will be well in excess of $100 U.S.
Comment by
Fuzman5902 on Jun 14, 2022 10:23am
With the skewed production figures this quarter April will be good, May even with the 50% increase in capex will be better than expected & June is shaping up to be silly frankly. Profit margins per barrel should meet or exceed Q1. Regards Fuz
Comment by
Eigen337 on Jun 14, 2022 10:29am
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Comment by
perstrudent on Jun 14, 2022 11:32am
..but with wti averaging 15..maybe even toward 20 by end of wuarter higher than Q1..the corresponding increase in netbacks should result fairly close results to q1...Im guessing 400 million fcf... if they dont announce more share buybacks debt is going to be much closer to 1.2 billion target..may hit in August..rather than late September
Comment by
Fuzman5902 on Jun 14, 2022 11:43am
Which is exactly why it's difficult to come up with a real accurate figure, they were 5-6 million high in capex in Q1, will Q2 be 88 + 45 or 82.5 +45? How much has the differential contracted in the USGC? Some diluent savings although the differental has been narrowing of late Or is it almost as easy taking Q1 x.8, If june finishes strong north of 400 is quite achievable. Regards Fuz