Bullboard - Stock Discussion Forum MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

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 > MEG Will GET BOOST This SPRING In LOW-INTENSITY TURNAROUNDS

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Post by ztransforms173 on Mar 14, 2024 2:51pm

MEG Will GET BOOST This SPRING In LOW-INTENSITY TURNAROUNDS

- BOTH the WTI and the WTI/WCS Price Differentials are ON THE UPSWING as MEG NORMALLY DOES their 30+ DAY MAJOR TURNAROUND at Chistina Lake in MID-MAY and MID-JUNE {EXCEPT this YEAR}

The 2024 annual production estimate incorporates reduced turnaround activities spread evenly throughout the year. The plan also includes the startup of two well pads, with the first pad on-stream mid-year and the second in the fourth quarter. New pad activity supports the 2024 production estimate and builds well capacity for future growth.

- so NO MAJOR MASSIVE DROP in BOP in Q2/2024

- LESS TURNAROUNDS means MORE BOP

- BOP in 2024 is GUIDED TO between 102,000 amd 108,000 bbls/d {YEAR 2023 BOP: 101,425 bbls/d}

- assuming CURRENT STRIP PRICING, Q2/2024 will DRAMATICALLY OUTPERFORM Q2/2023

z173

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