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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

TSX:MEG - Post Discussion

MEG Energy Corp > China’s Rongsheng Petchem BUYS 2*550,000 AWB Bbls. CARGOES
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Post by ztransforms173 on Jun 25, 2024 9:53am

China’s Rongsheng Petchem BUYS 2*550,000 AWB Bbls. CARGOES

China’s Rongsheng Petchem buys Canadian AWB crude for Sept arrival, sources say

 

 
 


Chinese refiner Rongsheng Petrochemical has bought two 550,000-barrel cargoes of Canadian Access Western Blend (AWB) crude via the recently expanded Trans Mountain pipeline (TMX) for September delivery, trade sources said on Tuesday.

 

The cargoes were sold by Macquarie at a discount of $6-$7 a barrel to ICE Brent, they added.

AWB is a type of heavy and highly acidic diluted bitumen produced by Canadian Natural Resources and MEG Energy.

Rongsheng bought its first cargo from the TMX pipeline this month.

(Reporting by Florence Tan Editing by David Goodman )

https://boereport.com/2024/06/25/chinas-rongsheng-petchem-buys-canadian-awb-crude-for-sept-arrival-sources-say/

***

@ 9:51 EST:

-  WTI Crude Oil Sep 2024: USD 80.42/bbl.

- Brent Crude Oil Sep 2024: USD 84.72/bbl.

z173
Comment by Fuzman5902 on Jun 25, 2024 10:02am
-  WTI Crude Oil Sep 2024: USD 80.42/bbl. - Brent Crude Oil Sep 2024: USD 84.72/bbl. Great news for whoever it is, Sub $ 3 discount to WTI Regards Fuz
Comment by Moemoney42 on Jun 25, 2024 3:05pm
Yes those 2 cargo loads got some sweet pricing IMO.. thumbs up on that deal..! 
MEG Energy Corp