CREATING SUSTAINABLE VALUE November Investor Presentation
Objectives & Priorities Focus on Debt reduction Improve market capital discipline and balance access and free cash flow sheet strength generation Existing production capacity, Free cash flow will continue Maximize the pricing supported by…
2019 Guidance Update MEG remains focused on capital discipline, cost control and maximizing production and free cash flow in a constrained environment Revised 2019 2019 Guidance Driver Guidance Successful acquisition of…
USGC Heavy Oil Market Outlook Well-positioned to access strong USGC market with firm commitment on Flanagan/Seaway, increasing from 50,000 bbl/d currently to 100,000 bbl/d starting mid-2020 USGC Heavy Crude Imports(1) USGC is expected to…
Assets to Access High Value Markets Strategic marketing assets de-risk the business and enhance net realized bitumen price 1.4 mmbbl Western Canadian Storage Manages Enbridge apportionment Future 20,000 bbl/d Edmonton Bruderheim on…
Strategic Market Access Contracted egress capacity in place for up to 90%(1) of volumes post 2H20 with growing exposure to premium USGC market 160 145 mbbl/d 132 mbbl/d blend sales capacity(2) 140 blend sales(2) Western Canada 120…
Focus on Sustainability Industry Leading Track Record Net GHG Intensity (kg CO e/bbl)) 2 Water Withdrawal Intensity(bbl water per bbl bitumen) 75 0.70 0.60 0.50 65 0.40 More than 20% below 0.30 55 in situ industry average 0.20…
APPENDIX 9
Blend Sales by Market Actual YTD results Edmonton (US/bbl) U.S. Gulf Coast (US/bbl) TOTAL TOTAL US/bbl, except as indicated Pipeline FOB Rail Pipeline Delivered Rail (US/bbl) (C/bbl)(3) WTI 57.06 57.06 57.06 57.06 57.06 75.84…
Commodity Price Hedging Strategy focused on protecting capital program while providing flexibility to fund debt reduction and/or growth; targets locking in a realized bitumen price to reduce cash flow volatility As of October 30th,…
Material Unrecognized Value from Tax Pools 5.7 billion of tax pools immediately deductible Composition of Tax Pools (C billion) Amount of Pools Illustrative Value of Tax Pools Utilized by Year(1) at 8.0% Discount Rate Non-Capital…
Inventory of Highly Economic Growth Optional growth projects identified to support buildout to 210,000 bbl/d at Christina Lake are execution ready debt repayment takes precedent 210,000+ bbl/d +52,000+ bbl/d 100,000 bbl/d +30,000…
Investor Relations Investor Relations T 403.767.6206 E investmegenergy.com Media Relations T 403.767.1485 E mediamegenergy.com
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