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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 > WOW!! CNQ/MEG SOLD AWB @ WTI MINUS US $0.05/bbl - Great Read
View:
Post by Ztransformer on Nov 22, 2024 8:27pm

WOW!! CNQ/MEG SOLD AWB @ WTI MINUS US $0.05/bbl - Great Read

WTI FEBRUARY 2025:  USD 70.70 per barrel

BRENT FEBRUARY 2025: USD 74.65 per barrel

^^^


China’s Rongsheng Petchem buys heavy oil from Canada and Ecuador for Feb, sources say

    
 



Chinese refiner Rongsheng Petrochemical has purchased a total of 2.65 million barrels of heavy crude oil from the Americas for February delivery, according to trade sources on Friday.

 

These include three Canadian crude cargoes of 550,000 barrels each, set to be exported from the Trans-Mountain pipeline (TMX), as well as 1 million barrels of Ecuadorian Oriente crude, sources said.

Rongsheng does not typically comment on commercial deals.

Vitol and BP each sold one cargo of Canadian Access Western Blend (AWB) crude while ExxonMobil will deliver one cargo of Kearl Lake crude, they said.

The TMX cargoes were sold at a discount of $4 a barrel to ICE Brent on cost-and-freight (C&F) basis, they said.

AWB is a type of heavy and highly acidic diluted bitumen produced by Canadian Natural Resources and MEG Energy while Kearl Lake is of a similar quality.

PetroChina sold the Oriente crude cargo, one of the sources said.

(Reporting by Florence Tan and Siyi Liu; Editing by Sherry Jacob-Phillips)

https://boereport.com/2024/11/22/chinas-rongsheng-petchem-buys-heavy-oil-from-canada-and-ecuador-for-feb-sources-say/

***

on November 21, 2024the WTI/WCS Price Differential CLOSED at MINUS USD 12.30 for the January 2025 WTI futures contract

so TMX  DILUTED BITUMEN EXPORTS means BIG PREMIUM to WCS prices

- CNQ has 164,000 bbls/d TMX CONTRACT CAPACITY

MEG has 20,000 bbls/d 
TMX CONTRACT CAPACITY 

*******

<3 z172
Comment by Moemoney42 on Nov 22, 2024 10:17pm
Again reposting what 173 just posted makes you look like a stooge and a wannabe.. quit with the trolling..!!  :-(
Comment by Ztransformer on Nov 22, 2024 10:53pm
This post has been removed in accordance with Community Policy
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