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Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

TSX:MEG - Post Discussion

MEG Energy Corp > Black Market Russian oil priced higher than WCS
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Post by MaximusGainus on Aug 08, 2022 3:10am

Black Market Russian oil priced higher than WCS

I find it hard to accept that our WCS heavy oil discount differential to WTI is greater than the discount applied to sanctioned Russian oil, fetching Dubai prices on the world markets.

This even though our heavy oil is more sought after as it gets more bang for your buck when cracking for diesel.

Can't wait to get our product to world markets through the TMX in 2023.

https://www.reuters.com/business/energy/russian-crude-prices-recover-strong-india-china-demand-2022-08-05/
Comment by mrbb on Aug 09, 2022 4:49am
i would blame the release of SPR crude which is more sour than WTI and likely competing refinery space with WCS. I expect the WCS discount to narrow after october when spr release is done.   
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