MEG’s 3Q15 disclosures were highlighted by better than expected cash flow on the back of better than expected price realizations and operating costs, and reduced capex guidance. We have reduced our go-forward capex and production forecasts, now forecasting production to be flat until 2017e, after which production begins to ramp up to ~120 mbbl/d by late 2020e, once eMSAGP (infill wells and gas injection) on Phase 2B is fully implemented, and an additional ~20 mbbl/d brownfield expansion capacity ....
29 Oct 2015
3Q15 Results Analysis
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3Q15 Results Analysis
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
29 Oct 2015 -
Author:
Michael P. Dunn - Pages:
MEG’s 3Q15 disclosures were highlighted by better than expected cash flow on the back of better than expected price realizations and operating costs, and reduced capex guidance. We have reduced our go-forward capex and production forecasts, now forecasting production to be flat until 2017e, after which production begins to ramp up to ~120 mbbl/d by late 2020e, once eMSAGP (infill wells and gas injection) on Phase 2B is fully implemented, and an additional ~20 mbbl/d brownfield expansion capacity ....